TheStreet.com names new CEO

Elisabeth DeMarse has been named the new CEO of TheStreet.com, effectively immediately. She replaces Daryl Otte.

A story on the financial news company’s website states, “Otte announced plans to step down by the end of March. DeMarse has previously served as CEO of Bankrate and CreditCards.com.

“‘We are thrilled to announce that Elisabeth will be leading the Company in the next phase of its growth,’ Woody Marshall, chairman of TheStreet, said in a press release. ‘Elisabeth is an ideal fit for this key role at the Company — a highly experienced and tremendously skilled digital media executive with a deep background in the financial information vertical.’

“DeMarse praised TheStreet’s ‘fantastic collection of assets,’ saying in a statement that the company ‘is a pioneer in the field with a strong and recognized brand and has a unique position as a nimble, independent, purely digital player in a high-value media vertical. Moreover, the company immensely benefits from the many contributions of its founder and director, Jim Cramer, a true market savant who is certainly the most recognized personality in financial media.’

“TheStreet shares closed Wednesday’s regular trading session at $1.80.”

Read more here.