About four months after Sharon Rowlands resigned as CEO of Penton Media, the company announced today that it has hired David Kieselstein [pictured] as its new chief executive, effective immediately. Kieselstein, who is also joining the board of directors, is the former CEO of market research company TNS North America, a division of WPP. Kieselstein’s appointment, which officially starts on February 21st, relieves Tyler Zachem and Anup Bagaria of their interim co-CEO positions, which they took on following Rowland’s departure. Zachem and Bagaria are managing director of MidOcean Partners and vice chairman and managing director of Wasserstein & Co., respectively, Penton’s private equity owners. The two will continue as co-chairmen of the board. Kieselstein had been CEO of TNS since 2008. Prior to that he led Dun & Bradstreet’s Small Business Division and spent a good chunk of his career at Time Warner where he was chief executive of the Parenting Media Group and was president and chief executive of the Personal Finance Media Group, where he helped launch the CNNMoney partnership.He left Time Inc. in 2005 as part of a restructuring under then CEO Ann Moore which resulted in the layoff of 105 employees, including a roster of senior executives. That mix of classic publishing background with the b-to-b focus of D&B and the marketing services of TNS is what helped Kieselstein land the job. He tells FOLIO: that marketing services, which was started under Rowlands’ tenure and still in a “nascent” stage, has a huge opportunity going forward for the company. Other areas of focus will be expansion into international markets and a continued digital buildout. Kieselstein says Penton grew both revenue and EBITDA in 2011 versus 2010 and the company is well beyond its bankruptcy restructuring. “Thanks to Sharon [Rowlands] a lot of that heavy lifting has been done and she did a fantastic job over the last three years. I’m in a fortunate position where I’m coming on board to a company that’s structured very well for the future. The performance, both topline and bottomline has been exceeding expectations of the ownership. And we’re in a position where we can start thinking about acquisitions as well as organic growth. A lot less time will be focused internally on structural issues and a lot more time will be focused externally both on new markets and opportunities and also on our existing and new customers.”
Share your voice More From Roadshow 0 Post a comment Audi 2019 Audi RS5 Sportback is sharp but not shouty 2019 Mercedes-Benz S560 Coupe review: Still the luxury benchmark More about 2019 Audi RS5 Sportback Enlarge ImageHey Audi? We want this. Audi Audi treats Americans to a rather wide variety of RS models, but there’s piece of forbidden fruit we’ve yet to taste. That’s the Audi RS6 Avant.While we don’t have confirmation the hot wagon will be heading our way, Audi is nearly ready to reveal it and teased the model on its German Facebook page this past Friday. According to the post, the brand plans to debut the wagon at its Audi City Berlin showroom locally this September. To be clear, Audi didn’t explicitly say this teaser shows the RS6 Avant, but there’s no denying the rear end and long roof on display here. Although cloaked in darkness and a sheet, Audi’s latest corporate taillight peeks through with a signature LED design. Compared to the current-generation RS6, the design should be rather evolutionary overall, but who are we kidding? It’s going to look gorgeous because it’s a sleek wagon. Preview • 2019 Audi RS5 Sportback: Performance without compromise 6:29 If the new RS6 Avant follows suit with the current car, it’ll pack a twin-turbo 4.0-liter V8 with around 650 horsepower. Should Audi Sport feel frisky, an electric motor part of a mild-hybrid system could push that figure even higher.Will Audi finally bring it to North America? All signs have pointed to that being the case. Audi previously told Motor Authority in February that the company is actively looking at bringing the RS6 Avant and standard A6 Avant to these shores with the next-generation models. The company has also previously encouraged fans to continue speaking out in favor of bringing the model to North America. Say it loud, say it proud: we want the RS6 Avant, Audi. 2018 Subaru Crosstrek: Just as good as before, only better Review • 2019 Audi RS5 Sportback review: Goody two-shoes Tags Now playing: Watch this: 2020 Subaru Outback first drive: Tech and trail mix 2019 Audi RS5 Sportback is a goody two-shoes Wagons Performance Cars 69 Photos Audi
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