Forbes hires former Fortune publisher as COO
Forbes Media has picked up a new chief operating officer, Mike Federle, a former publisher and president of rival Fortune, reports Keith Kelly of the New York Post.
Kelly writes, “The internal announcement said that Federle was going to be working on business development partnerships, new business models and operating departments, including circulation and manufacturing.
“Federle is trying to amp up the high-level executive conference business, which Fortune has been extremely successful in exploiting.
“At the time of his appointment, Federle had been the chief operating officer of Technomy, a tech conference business started by former Fortune tech writer David Kirkpatrick. Forbes said it was going to be a sponsor of the Technomy 2011 conference, and in July said it had taken a small equity position in the company.”