Eli Hoffmann, who has been senior vice president of content for investment news site Seeking Alpha, has been promoted to chief executive officer.
Outgoing CEO David Jackson writes, “We’ve also needed to get things right as a company. We have an outstanding team – the best we’ve ever had. We’ve established a strong management framework which empowers talented people, based on clear goals, metrics, ‘ownership’ and monthly reports. We created a culture which values honesty, transparency, rationality and respect for every person. And we’ve consistently applied best practices from the most successful companies to Seeking Alpha.
“But past achievements don’t mean I’m the best candidate to lead the company from here. Creating and building a startup is all-consuming, and I’ve been ‘all in’ with Seeking Alpha for almost ten years. I also dealt with serious family health issues during the last two years (which thankfully are better now). To be honest, I’m feeling burned out.
“Jason Lemkin says that many successful companies are sold because their founders get tired. I’m tired, but I don’t want to sell. I want to bet on Seeking Alpha’s future with a new CEO. I haven’t sold a single share. I’m planning to provide help and support where requested, attend every board meeting including those in New York, and be an ambassador. I’m heavily invested in the future of Seeking Alpha.”
Read more here.
