SourceMedia Names Two Chief Officers
SourceMedia made its first major hires since being acquired by Observer Capital last year, rounding out its executive team with two appointments.
Marianne Collins joins the company as chief revenue officer, a newly-created role, while Michael Caruso was named chief financial officer.
"The role of Chief Revenue Officer was installed to unify the sales organization under a single revenue executive, bring consistent best practices to our sales discipline, and accelerate the advancement of sales capabilities and culture along with the evolution of our business model," says Doug Manoni, SourceMedia's CEO. "SourceMedia expanded its product capabilities and is experiencing strong organic growth, this when combined with the company's ambition to be acquisitive, will lead to an expanding sales organization."
Collins had been an advisory director at Investcorp, the previous owner of SourceMedia, where she worked alongside Manoni for several months in 2013. Investcorp sold company to Observer Capital in August for an estimated $60 million.
Caruso, who replaces Rebecca Knoop as CFO, was most recently with Deloitte/CRG Financial Services and had served as CFO of Ziff Davis Enterprise previously.
Manoni says the two hires complete the executive structure of the company.