The Association of Magazine Media

MIKE FEDERLE TO SUCCEED MIKE PERLIS AS CEO OF FORBES MEDIA

Mike Perlis will Serve as Vice Chairman and Strategic Advisor to the Board

NEW YORK (November 30, 2017) – Forbes Media announced today that it has named Mike Federle CEO. Mr. Federle succeeds Mike Perlis, who is stepping down as CEO after seven years in that position and will serve as Vice Chairman and Strategic Advisor to management and the Board. These changes are effective January 1.

Since July of 2016, Mr. Federle has served as Forbes Media’s President and COO with responsibility for the company’s media business, its intersection with new businesses, content creation, editorial, product development, sales, marketing and corporate functions. In his new role, he will lead the organization and drive the company's performance, strategic planning and worldwide growth. Mr. Federle joined Forbes Media in 2011.

“Mike Federle is ideally skilled to continue to lead Forbes’ evolution as a global technology-driven media and branding business,” said Mike Perlis, who has managed the transition process. “He brings to his new role experience of more than 25 years as a leader in the media industry and has a demonstrated track record of success at Forbes.”

“I’m thrilled and honored to have the opportunity to lead this storied brand and dynamic company. I’m grateful to Mike Perlis and the Board for placing their trust in me,” said Mike Federle. “Forbes has been on the forefront of innovation and growth in the media world. We have a talented and seasoned team and, together, we look forward to driving our global expansion and continuing to realize the enormous potential of the Forbes brand and business.”

Prior to joining Forbes Media, Mr. Federle served as Publisher of Fortune magazine and Group Publisher of the Time Inc. Business and Finance Network, which included media properties such as Fortune, Money, Business2.0 and CNNMoney.com. He co-founded Techonomy Media Inc., and served as its President and COO. Throughout his career, he has held various top sales and marketing management roles for multiple media properties.

About Forbes Media
Forbes Media is a global media, branding and technology company, with a focus on news and information about business, investing, technology, entrepreneurship, leadership and affluent lifestyles. The company publishes Forbes and Forbes Asia magazines, as well as Forbes.com. The Forbes brand today reaches more than 117 million people worldwide with its business message each month through its magazines and 38 licensed local editions around the globe, Forbes.com, TV, conferences, research, social and mobile platforms. Forbes Media’s brand extensions include conferences, education, financial services and brand licensing.

Laura Daunis Brusca
Director, Corporate Communications, Forbes
ldaunis@forbes.com

 

Date: 
Thursday, November 30, 2017