Margaret R. Randazzo, president and publisher of The Modesto Bee, announced Tuesday that she is leaving to join a solar energy company in San Jose.
Randazzo, who has headed The Bee since June 2006 and also has been responsible for the Merced Sun-Star, will be controller at Akeena Solar as of January.
A successor could be named as soon as next month, said Frank Whittaker, a vice president of operations at The McClatchy Co. in Sacramento. Candidates inside and outside the company will be considered, he said.
Randazzo, 40, came to The Bee as the newspaper industry was entering a sharp decline because of the weakening economy and increased Internet competition. Since that time, the paper has reduced its staff, shifted its printing to The Sacramento Bee, boosted its online presence at modbee.com and taken other steps to weather the downturn.
"I'll always be rooting for The Bee and the newspaper industry," Randazzo said after meeting with employees Tuesday morning. "I'm so proud of what we accomplished."
Randazzo said she was not looking to leave The Bee, but heard about the new job from an Akeena executive who had worked with her at Knight-Ridder Inc., a San Jose-based newspaper chain bought by McClatchy in 2006.
The Modesto Bee has had 4 rounds of layoffs this year. In April, 11 employees at the Modesto Bee accepted buyouts. On Bloody Monday, the Bee announced it was cutting 15 jobs. In September, another 35 positions were eliminated. Also in September, the paper announced it was cutting 33 full-time and 127 part-time employees in conjunction with moving printing operations to Sacramento. Hat tip: comments
Update: Akeena Solar is now in a partnership with Westinghouse.
- Report: Modesto Bee looking to cut employee pensions
- Deeper cost-cutting at the Modesto Bee... reduction of hours coming in January?
- McClatchy tosses Modesto pressmen overboard
- Modesto Bee lays off 35 (September)
- Modesto Bee to eliminate 33 full-time and 127 part-time employees
- Modesto Bee lays off 15 (June)
- Modesto Bee offers buyouts to 100 (April)