The Los Angeles Times announced Tuesday that its editor, Russ Stanton, would step down Dec. 23. Stanton, who has served as the paper’s editor and executive vice president over the last four years, will be replaced by managing editor Davan Maharaj. The 52-year-old Stanton began his career with the Times as a business reporter in Orange County in 1997. During his tenure, the Times won three Pulitzer Prizes and helped the paper reach 17 million readers through its online platform. But the paper also cut nearly 400 newsroom jobs during Stanton’s reign, bringing its total to around 550 today. The paper’s daily circulation has also dropped, much like the rest of the industry. It now has 573,000 daily subscribers.