Sebastopol native Patrick Talamantes has been named chief executive officer of The McClatchy Company, the third-largest newspaper company in the United States.
Talamantes, 47, will replace outgoing CEO Gary Pruitt, who resigned from the Sacramento company Wednesday to become president and CEO of The Associated Press.
Talamantes, a Stanford grad with an MBA from University of Pennsylvania's Wharton School of Business, joined McClatchy in 2001 as chief financial officer. Previously, he served as CFO of Sinclair Broadcast Group, a Maryland company that owned more than 60 TV stations, and treasurer of River City Broadcasting in St. Louis. He spent nine years in various positions with Chemical Bank of New York.
Talamantes becomes just the seventh CEO in the 155-year history of McClatchy, which has 7,800 employees and owns 30 daily newspapers including The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer and The News & Observer in Raleigh, N.C. The company reported $1.3 billion in revenues last year, down 7.7 percent.