A New Hand At The Helm

Dear readers: It is my pleasure to announce that Stephen J. Adler will be my successor as editor-in-chief of BusinessWeek. Steve, who is deputy managing editor of The Wall Street Journal and editorial director of its online edition, will officially take over on Apr. 1, 2005.

Steve brings a unique array of talent and experience to the job. He is, first of all, a strong, creative editor who has managed many big projects at the Journal, including three that have won Pulitzer prizes. In addition, he has had direct oversight of the Journal's online operation, experience that will help BusinessWeek develop its own digital strategy.

Not least, Steve is also a terrific person -- decent, thoughtful, witty, full of ideas, and a good listener. After 20 years in this job and 32 years at the magazine, I am leaving with mixed emotions, but I am most confident that Steve will continue to make BusinessWeek the world's premier business magazine. "I am really excited about this opportunity," he says. "BusinessWeek is a terrific magazine and news organization. I see enormous potential to do even greater things."

A native of Queens, N.Y., who grew up on Long Island, Steve, 49, is a graduate of Harvard University and Harvard Law School. Determined to be a journalist, he started as a reporter for the Tampa Times and the Tallahassee Democrat. In 1983 he joined The American Lawyer, rising to become its editor. In 1985 he was a finalist in the National Magazine Awards for his article in The American Lawyer on the Union Carbide accident in Bhopal, India. His book, The Jury: Trial and Error in the American Courtroom, won the American Bar Assn.'s Silver Gavel Award in 1995.

Steve joined The Wall Street Journal in 1988 as its legal editor. He was appointed to the Page One staff as special projects editor in 1994 and was named deputy Page One editor in 1997. Two years later he became deputy managing editor of the newspaper, overseeing, among other things, its Web site and books imprint.

Steve and his wife, Lisa Grunwald, a novelist, live in New York City with their two children, Elizabeth, 12, and Jonathan, 8.

Before I embark on my own new journey as the founding dean of the Graduate School of Journalism at the City University of New York, I will spend three months working closely with Steve to ensure a smooth transition. Adds Steve: "I have a great opportunity to...listen to all the ideas from the people on staff."

I'm sure he will be a great editor.

Bon voyage, friend.

By Stephen B. Shepard, Editor-in-Chief

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