By naming an executive vice president of mergers and acquisitions online financial and business news site TheStreet.com seems to be signaling that it’s looking to make deals to expand its operations.
Steven Elkes was named the New York-based company’s first chief revenue officer and executive vice president of mergers and acquisitions, according to this release.
“Stevenâ€™s skill set embodies the precise addition to our executive team necessary at this stage in our growth,” said Thomas J. Clarke, Jr., chairman and chief executive officer of TheStreet.com in the release. “Steven will immediately begin maximizing the many revenue opportunities created by our strategy shift to a more advertising supported environment. Additionally, he will embark upon an aggressive search for potential accretive acquisitions.”
Elkes most recently served as the chief financial officer of Azoogle (azoogleads.com), where he oversaw the financial, legal and human resources functions in addition to their M&A activities.
Prior to that, Elkes spent almost 10 years at iVillage, attaining the title of executive VP of business affairs and operations and chief financial officer.