Post Newsweek Tech Media president David Greene has left the company as of the end of March after a five-year run. He has been replaced by a three-person management team.
Sources described the departure as mutual and amicable. The $40-million, Washington, D.C.-subsidiary of The Washington Post Co. has made its mark in recent years as an editorial leader, with two Neal Awards this year and either a winner or a finalist in each of the last five years.
"There was a little bit of managerial chaos here," said one knowledgable source. "You can’t grow when there is a lot of squabbling among the upper managers. And Dave’s goals were focused on merger and acquisition activity."
The source said Post Newsweek had its best year ever two years ago, but declined in 2005. "The cause of it wasn’t the market, it was kind of us a little bit," the source said.
For his part, Greene said he had been seeking his next challenge, and over the last few months he reached an agreement with management at The Washington Post Co. to transition the company to new leadership.
"We built a world-class company by connecting buyers and sellers in the government-technology marketplace better than anyone else," Greene said. "We expanded our online and events offerings, rebuilt the FOSE show, and launched two new magazines;Defense Systems and Government Leader. We redesigned GCN and GCN.com. We’ve built great bench strength in the organization, promoting talent from within (e.g. Tom Temin) and bringing in new leadership (e.g Jeri Thorne, Duncan Ballantine).
Indeed, it is those three executives who will share managerial duties: Temin for editorial, Thorne for operations and Ballantine for sales. "Right now we’re going to go with this arrangement for the foreseeable future," Temin said. "The three of us now report to Ann McDaniel, vice president at Washington Post Company corporate."
The company publishes four magazines, Government Computer News and Defense Systems in addition to Washington Technology and Government Leader.