TheStreet names Callaway its new CEO

David Callaway, currently the editor of USA Today, has been named chief executive officer of TheStreet.com.

He replaces Larry Kramer, who has been an interim CEO. Kramer will remain chairman of the board. The changes will be effective in early July.

Kramer and Callaway know each other from their time at MarketWatch, where Kramer was the founder and Callaway was the editor.

“In Dave, we have the person most responsible for creating the content that made MarketWatch the most successful digital financial news and information startup in history,” said Kramer. “After that, he led the transformation of the number one newspaper in the nation into a world-class digital powerhouse. He’s a rare combination of a brilliant editor and sensational manager.”

Callaway will be responsible for growing both TheStreet’s consumer and business-to-business divisions as the 20-year-old company seeks multiple revenue streams.

At MarketWatch, Callaway grew the newsroom from 20 journalists to 120 across bureaus in U.S., Europe, Asia and the Middle East.

He also served as a securities industry reporter at Bloomberg, leading a team of financial reporters throughout Europe covering banking, investment banking and asset management, and spent time as a reporter with the Boston Herald.

“This is a company that has an incredible editorial team creating informative, market-moving content investors are passionate about,” said Callaway in a statement. “The demand for our content has never been stronger, and I look forward to leading TheStreet and further transforming the organization into a digital content leader.”