Forbes Media announced Thursday that it named Mike Federle as its next chief executive officer.
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 Jan. 1.
Federle has served as Forbes Media’s president and chief operating officer since July 2016 with responsibility for the company’s media business, its intersection with new businesses, content creation, editorial, product development, sales, marketing and corporate functions. He 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 Perlis in a statement. “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.”
Prior to joining Forbes Media, 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.