Penske Media Corp., the parent of news organizations such as The Hollywood Reporter and Sportico, has named Craig Perreault its new president.
He replaces George Grobar, who has been president since 2020.
Perreault has been chief strategy officer. He will oversee all revenue initiatives across the company’s 26 media brands in addition to strategic corporate development and partnerships.
“This marks my 21st year at the company, and I feel well-positioned to carry forward PMC’s core mission,” said Perreault in a statement. “Despite the challenges we face in today’s market, I believe there will always be a place for information, experiences, and entertainment of the highest quality.”
Penske also operates WWD, Indiewire and Deadline.
