Carlton Charles, who currently serves as vice president and treasurer at Hearst, has been named senior vice president, treasury and risk management. The announcement was made by Hearst President and Chief Executive Officer Steven R. Swartz and Executive Vice President and Chief Financial Officer Mitchell Scherzer. His appointment is effective immediately, and he will continue to report to Scherzer.
In addition to his duties as corporate treasurer, Charles oversees the risk management activities of the company through his role as chairman of the Risk Working Group, which he helped start at Hearst. He also is responsible for the company’s insurance operations and is heading up an effort to further diversify the company’s roster of vendor partners.
“Carlton’s leadership is felt across the company, and he continues to take on additional areas of responsibility for Hearst,” Swartz said.
“From the day Carlton began at Hearst, he has taken the initiative across an array of functional areas, leveraging his broad expertise,” Scherzer added. “His contributions have made an important and positive impact on our finance organization.”
Charles joined Hearst in 2011 from Moody’s Corporation, where he was senior vice president, treasurer and chief operational risk officer. He serves on the board of BUILD, which teaches entrepreneurship to youth in underserved communities. He is a member of the Executive Leadership Council and National Association of Corporate Directors, where he is a governance fellow.
“I look forward to continuing to drive positive change across the organization,” Charles said. “I am especially excited, though, about the initiatives that I am currently working on that will result in positive economic impacts for diverse business owners and the communities they live in.”
Earlier this year, Charles launched Project Equity, a Hearst-led initiative to build a new business incubator in the South Bronx focused on Black and Latinx founders.
Charles holds an MBA in finance from the University of Chicago, and a master’s in public policy and a bachelor’s in quantitative economics from the State University of New York at Stony Brook.