Forbes Promotes Mike Federle to President
Federle will retain his role as COO; Mike Perlis ascends to CEO and executive chairman.
Mike Federle, who has served as Forbes Media's COO since joining the company five years ago, can now add the role of president to his title.
Forbes announced today that in addition to retaining his duties as COO, Federle will become president of the 99-year-old magazine brand, succeeding Mike Perlis, who will keep his position as CEO and also become executive chairman.
Federle will oversee all of Forbes Media's print and digital operations, including editorial, sales, and marketing, as well as their role in any new businesses the company launches, according to a release.
"It's been great to be part of a winning team here at Forbes, and I'm honored to be given the opportunity to lead such an innovative and dedicated group through an ever-changing and thus challenging media environment," said Federle in a prepared statement.
Federle arrived at Forbes Media in 2011 from Techonomy Media Inc., a media and events firm he co-founded and in which Forbes is a minority investor. Prior to Techonomy, Federle spent several years in senior management roles at Time Inc., including publisher of Fortune, and about a year as group publisher of Bonnier's Mountain Group.
As for Perlis, a major focus in his new role as executive chairman will likely be to increase Forbes' international footprint, particularly in Asia, a key growth area for the brand.