Summit Business Media to Seek New CEO: Board Affirms Digital Focus and Strategy

NEW YORK, Oct. 20, 2011 /PRNewswire/ -- Summit Business Media, a leading business-to-business media company serving the insurance, financial services, legal and investment advisory markets, today announced that Andrew L. Goodenough, President and CEO, has resigned to pursue other interests. The Company's CFO/COO, Thomas Flynn, will function as interim CEO while a high-level search for a CEO is carried out.

(Logo: http://photos.prnewswire.com/prnh/20100316/SUMMITLOGO )

Charles G. McCurdy, Chairman of Summit's Board of Directors, said, "Summit is a strong, financially sound company with a well-diversified set of operating assets. It is well positioned in each of its markets, with potential for continued growth. The company will be accelerating its focus on digital delivery of Summit's editorial and data products, and will continue to support the expansion of its global events programs. These will be the key components of our strategy going forward."

He added, "We wish Andy well in his new endeavors and thank him for his many contributions to making Summit the company it is today."

McCurdy, former CEO of Canon Communications and current CEO of GLM Holdings, the parent of the GLM trade show group, was named to the Summit Board in May 2011 along with David Nussbaum: current Chairman and CEO of F+W Media and former CEO of Penton Media; Jason Young: former CEO and 20-year veteran of Ziff Davis Media; and Jean Clifton: former EVP and CFO of Penton Media and SVP and CFO at Reader's Digest Association.

About Summit Business Media

Summit Business Media is the leading B2B media and information company serving the insurance, financial, legal and investment advisory markets.  Summit strives to be "The Next Generation of Business Information" for executives and practitioners by providing breaking news and analysis, in-depth practice management strategies, business-building techniques and actionable data.  Summit services the information needs of its customers through numerous channels, including digital, print, and live events.  Summit publishes 16 magazines and 150 reference titles, operates 20 websites and hosts a dozen conferences, including the world's largest mining investment conference held each year in South Africa.  Summit's Data Division provides detailed information on millions of agents, advisors and benefits plans.

Summit employs more than 300 employees in ten offices across the United States.  For more information, please visit www.summitbusinessmedia.com. 

SOURCE Summit Business Media

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED