Suzanne Siracuse
InvestmentNews CEO and publisher Suzanne Siracuse has left the publication, one year after it was sold by Crain Communications to a British company, reports Lisa Shidler of RIABiz.
Shidler reports, “Siracuse’s imminent departure had been widely discussed following the expiration of her one-year contract, according to sources. Although her last day on the job is Aug. 16, Bonhill reportedly rushed the announcement to get ahead of the news, the sources say.
“Her departure coincides (in recent weeks) with much of the sales staff’s exit, including IN national sales manager John Bubello, West Coast sales manager Rich Kiesel, Midwest sales manager Sarah Haase and regional sales manager Nicole Casement.
“Bubello is now a sales vice president for B2B, according to LinkedIn. Haase joined IRIS.xyz in business development. Kiesel joined his former employer, Pensions & Investments in a sales capacity.
“Bonhill Group plc bought InvestmentNews from Crain Communications last July for $27.1 million. The sale was completed on Aug. 17.”
Read more here.
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This kind of event in not unique. Many years ago, I was the publisher for a national real estate magazine. The company that owned our publication was sold to a larger publishing outfit that immediately announced it would not be honoring the compensation agreements it had with me or the sales staff. Everyone was gone within 2 months of that transaction.