Jim VandeHei Named Politico President and CEO

Jim VandeHei Named Politico President and CEO

Will also oversee Capital New York

Jim VandeHei has been named president and chief executive officer of Politico and its new acquisition Capital New York.

The publication's co-founder has served as executive editor of Politico since its inception in 2006.

VandeHei succeeds Fred Ryan, who will be stepping down as Politico’s president and CEO later this year when the sale of the Allbritton-owned television properties is complete. The company is divesting itself from local broadcast hubs in favor of online investments.

John F. Harris, who left the Washington Post along with VandeHei to help speed up the Beltway's news metabolism, will continue in his role as editor-in- chief of Politico.

Capital New York was acquired by Allbritton last month and is expected to re-launch later this fall as a sort of Big Apple hub for the political website.

VandeHei has extensive journalistic credentials to go alongside his new media bona fides, he spent 15 years covering Washington at Roll Call, The Wall Street Journal, and the Post.

Politico is a private company, but it maintains it is profitable and, as the New York Times reports, has been since its third year in business.