Management shuffle at Forbes

Shelley Dubois of Fortune writes that Forbes magazine may be seeing a change in management at its parent company.

Dubois writes, “Headhunter Michele James, CEO and founder of James & Co, has contacted at least one bona fide candidate for the job of COO of Forbes.

“The current COO is Tim Forbes. ‘Tim is staying with the company, he’s just going to go to a higher level,’ says Forbes spokesperson Monie Begley. ‘The new person coming in will report to Steve and Tim.’

“Forbes could be taking someone on because it’s trying to improve and rethink its digital presence. The company recently hired Lewis DVorkin, founder and CEO of True/Slant, as a consultant to help update its web strategy. Hiring a new executive who has significant digital experience could be another step in that direction.

“‘I would imagine that the person will have to have deep skills in web and print,’ says Begley, who doesn’t see the web issue as a driving force for the search for a new COO. ‘We’ve been doing [the web] since 1997, and very successfully.'”

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Eric Carter says:
May 20, 2010 at 6:36 pm
I'm a loyal reader of Forbes magazine, and if their bottom line is down 30% since 2009, maybe it is best to bring in an outsider with additional qualified knowledge to ensure that sales continue to thrive.