Virgo Publishing Appoints New CEO
Co-founder and former chief executive will stay on as board of directors member.
Phoenix, Arizona-based trade publisher Virgo Publishing has appointed John Siefert as CEO. Siefert replaces co-founder Jenny Bolton, who is stepping down as chief executive but will stay on as a member of the company’s board of directors.
Prior to joining Virgo, Siefert [pictured] served as senior vice president and publisher of the InformationWeek Business Technology Network, a division of United Business Media’s TechWeb. Before that, he served as group publisher of Network Computing and national director of sales and market development of the Network Computing Enterprise Architecture Group.
“We are confident that John’s experience and enthusiasm for the business will put him in the best position to lead Virgo in its future growth,” Perry Steiner, managing partner of private equity firm Arlington Capital, says in a statement announcing the appointment. Arlington Capital acquired Virgo in early 2008 for an estimated $100 million.
“We are also very pleased that Jenny Bolton will continue to play a major role on the Board of Directors going forward,” Steiner continues. “On behalf of the entire team at Virgo, we all thank Jenny for her dedication and leadership over the last 24 years, and look forward to working with her through Virgo’s next phase of growth.”
"With John’s impressive leadership experience at United Business Media and his multiple successes in innovating and implementing new products and strategies, as well as his genuine enthusiasm for the business, we feel he is the right person to continue to build on Virgo’s strong multi-faceted b-to-b platform and lead the company through the next phase of growth," Bolton tells FOLIO:. "Virgo continues to deliver strong performance and we are experiencing solid growth in our e-media and event revenue streams in 2010. In particular, our natural products and healthcare divisions are standouts."
Virgo publishes 13 magazines and related Web sites serving the healthcare, natural products and telecommunications industries. Its publications include Billing & OSS World, Culinology, Food Product Design and Natural Products INSIDER.