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PENTON'S CEO MOVES TO ALTEGRITY, INTERIM CO-CEOS NAMED
Sep. 26, 2011
FOLIO: magazine reports:
Sharon Rowlands is resigning as Penton Media CEO, effective Nov. 1.
In a memo sent to Penton employees last week, Rowlands says she is leaving to become "CEO of a large global company--more than three times the size of Penton--in the security and risk information marketplace." (The company is Falls Church, Virginia-based Altegrity.)
Following Rowland's departure, executives from Penton's two private equity-owners--Tyler Zachem, managing director of MidOcean Partners and Anup Bagaria, vice chairmain and managing director of Wasserstein & Co.--will become interim co-CEOs while a search for a replacement is conducted.
Rowlands, the former president and CEO of Thomson Financial, became CEO of Penton in October 2008. Under her tenure, she saw Penton through a pre-packaged bankruptcy filing and an aggressive shift toward marketing services that included the acquisition of digital marketing services agency EyeTraffic Media and the formation of a dedicated Marketing Services Group.
She will remain on Penton's board of directors.
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