The Washington Post has announced that Stephen P. Hill, the president and general manager of the company, will be stepping down from his post by the end of the year, according to a blog post in The WashPost PR Blog.
Hill, who has a 28-year career in the Washington Post, will be leaving the company to pursue new opportunities.
Hill said in the blog post that it was a "difficult" decision to leave The Washington Post.
"It has been an honor to help guide this remarkable institution for all these years," he said. "But, at this point in my career, I decided that I want to embark on a new mission while I still have the time and energy to do so."
One of the new opportunities that Hill is looking forward to is helping future business leaders, according to the blog post.
Hill is the founding director of the Georgetown University Law Center Business Program.
The blog post adds that Hill will be creating a curriculum and leading the development of courses that will help law students learn the fundamentals of business.
Hill will start doing this by January after the end of his stint with The Washington Post.
The New York Post also reported that Hill's departure marks another exit of a person, who is loyal to the previous owner of The Washington Post, the Graham family.
Hill had helped the Graham family sell the company for $250 million last August 2013 to Jeff Bezos, the founder of Amazon.
The New York Post added that the new owner already changed publisher, replacing Katharine Weymouth, the granddaughter of Katharine Graham and niece of Donald Graham, the last Graham to serve as CEO, with Frederick Ryan.
Ryan, the first CEO of Politico, is tasked to oversee Bezos push for a more digital agenda.
The blog post adds that the role of the president and general manager will not be filled by the company.
Instead, the executive team will be taking additional responsibilities.
Steve Gibson, the CFO of The Washington Post, will be taking on certain operational duties, according to the blog post.
His will also have a new title to his position, vice president, finance and operations.
