Longtime Entrepreneur Media Prez to Retire
Neil Perlman resigns after 15 years.
Neil Perlman, who has been with Irvine, California-based Entrepreneur Media since 1993, has resigned from his post as president and COO. His final day with the company will be January 30.
“Basically, Neil is looking forward to retirement,” an EMI spokesperson wrote in an e-mail to FOLIO:. “In fact earlier he said, ‘I ran out of business cards, so I figured it was time to retire. It’s been a great ride from my days at CBS Publishing in the early 70s to the last 15 years at Entrepreneur.’”
Entrepreneur CEO Peter Shea will take over Perlman’s day-to-day responsibilities, the spokesperson said.
Perlman [pictured] has had a long career in media, starting in 1973 at CBS where he held several positions including general manager of operations and director of finance for the company’s publishing group. Perlman spent nearly a decade at Reed/Cahners starting in 1985. There, he also held several positions, including publisher of Publisher’s Weekly, executive vice president of Reed Exhibitions and senior vice president and group publisher of Cahners Entertainment.
Last summer, Shea helped oversee a deal that would have had EMI sold to Texas-based private equity firm Austin Ventures for an estimated $200 million but fell through in July. At the time, Shea wrote in a memo to employees that the debt market made it “a very difficult market for [buyout] funds to raise debt financing at a reasonable multiple and percentage rate.”