Biolchini Stepping Down at PennWell After 15 Years
COO Mark Wilmoth will become the next chief executive.
"During the past 15 and a half years I have had the pleasure of working closely with PennWell’s outstanding management team to diversify our business and accelerate our growth and profitability," says Biolchini in an email to Folio:.
PennWell, based in Tulsa, Oklahoma, is a major b2b media company that operates in the energy and emergency services markets, among others, with more than 320 profit centers, including 150 print and online magazines and newsletters, and 60 conferences and exhibitions.
Now in the fourth generation of family ownership, it started in 1910 by publishing a single weekly magazine covering international petroleum news and technology. This flagship, Oil & Gas Journal, is still published weekly and is the most widely read petroleum industry publication in the world.
Biolchini and other PennWell executives have been active in the American Business Media unit of SIIA over the years, with Biolchini currently serving on the association's board.
Biolchini says the company is "financialliy solid" and debt-free. "This is an admirable position to cherish and protect during these adverse political and economic times," he adds.
Biolchini will continue to be invovled with the company, having been elected as chairman of the board of directors and will remain on the executive committee.