• by Joe Mandese  @mp_joemandese, June 28, 2010

Conde Nast publishing star David Carey is joining Hearst Magazines as president. His hire is part of a reorganization of the consumer publishing company, which included longtime Hearst Magazines chief Cathleen Black's promotion to chairman. She will be succeeded by Carey in day-to-day management.

Carey had been group president at Condé Nast, where he was a member of that company's senior management team and also oversaw media properties targeted to business and executive audiences, including Wired and Golf Digest.

In addition, he was co-leader on all business development efforts at Condé Nast. Previously, he served for seven years as vice president and publisher of The New Yorker, returning it to profitability after many years of losses. He also led the launch of Portfolio and portfolio.com and was the founding publisher of SmartMoney -- at the time, a joint venture between Hearst and The Wall Street Journal.

In a related move, Michael Clinton was promoted to president-marketing and publishing director of Hearst Magazines.

Duncan Edwards remains president-CEO of Hearst Magazines International, while John Loughlin continues as executive vice president/GM of the group.