Penske Media Corporation has announced significant leadership changes, promoting Craig Perreault to President of Media & Corporate Development while George Grobar transitions to an advisory role.
Craig Perreault Promoted to President of Media & Corporate Development at PMC
Penske Media Corporation announced on Friday that Chief Strategy Officer Craig Perreault has been elevated to the position of President of Media & Corporate Development. Current president George Grobar will transition to an advisory role for the CEO.
George Grobar’s Continued Influence
Grobar, a key player at PMC since joining in 2009 as Chief Financial Officer, will remain on the board of directors and support the company in a part-time capacity.
Perreault’s New Responsibilities
In his new role, Perreault will oversee all revenue initiatives across PMC’s 26 media brands, alongside strategic corporate development and partnerships. He will continue to report to chairman and CEO Jay Penske.
Leadership Praise
“George is one of the greatest executives I’ve ever had the chance to work alongside,” said Penske. “I feel fortunate for 16 years of partnership and remain excited about our continued collaboration for many more years to come.”
Perreault’s Long-standing Tenure
Having joined PMC 21 years ago, Perreault has held various roles including Chief Digital Officer and Senior Director of Business Development. As Chief Strategy Officer, he has led business development, strategic partnerships, and revenue initiatives across the company.
See More ...
Looking Forward
“I’m excited for the opportunities ahead and look forward to continuing my journey with the incredible people and brands at PMC,” said Perreault.
Grobar’s Legacy
Grobar has been instrumental in driving the company’s growth through acquisitions and leading PMC’s joint venture operations in India. He became PMC’s President in 2021.
PMC’s Media Brands
PMC’s media brands include Variety, Rolling Stone, The Hollywood Reporter, Billboard, and several others, alongside prestigious events like the Golden Globes and the American Music Awards.
