Craig Perreault Promoted to President at PMC; George Grobar Moves to Advisory Role

What's Happening?

Penske Media Corporation (PMC) has announced the promotion of Craig Perreault to President of Media & Corporate Development. Perreault, who has been with PMC for 21 years, will oversee all revenue initiatives across the company's 26 media brands and strategic corporate development. George Grobar, the current president, will transition to an advisory role to the CEO while continuing to serve on PMC's board of directors. This leadership change is part of PMC's strategy to drive growth and enhance its media and corporate development efforts.

Why It's Important?

The promotion of Craig Perreault to President of Media & Corporate Development at PMC marks a significant leadership transition within the company. Perreault's extensive experience and strategic acumen are expected to drive PMC's revenue initiatives and strengthen its position in the media industry. George Grobar's move to an advisory role ensures continuity and support for the company's strategic goals. This leadership change is likely to impact PMC's growth trajectory and influence its strategic partnerships and corporate development efforts.