Forbes Media's New Era: Sherry Phillips Takes Charge as CEO

Sherry Phillips Appointed CEO of Forbes Media

Forbes Media is entering a transformative phase with the recent announcement of Sherry Phillips as the new Chief Executive Officer. This change comes after Mike Federle, who has been at the helm for seven years, decided to step down. As of January 1, 2025, Phillips takes on this prestigious role, a notable first for the organization as she becomes its first female CEO in over a century.

Profile of Sherry Phillips

Sherry Phillips's journey with Forbes began in 1996 when she joined as the Publisher of ForbesLife. Her dedication and strategic insight led her through various leadership roles, culminating in her position as Chief Revenue Officer, which she assumed in 2022. In this capacity, she showcased her prowess by overseeing Forbes' revenue-driving ventures, including digital media and branded content.

Significant Contributions and Achievements

During her tenure, Phillips has not only enhanced the company’s revenue strategies but also spearheaded Forbes’ live events, which saw a remarkable 40% increase in revenue over the past two years. Additionally, the sales team thrived under her leadership, securing more than 20 seven-figure advertising partnerships this year, demonstrating her effectiveness in building lucrative relationships.

Mike Federle's Legacy

As Mike Federle prepares to depart, he leaves behind a legacy of transformation and growth. Joining Forbes in 2011 as Chief Operating Officer, he was pivotal in advancing digital initiatives and diversifying revenue streams. His tenure saw the company embrace new categories like ecommerce and global real estate, ensuring that Forbes not only maintained journalistic integrity but also thrived in a competitive landscape.

Forbes’ Vision Under New Leadership

Looking ahead to 2025, Sherry Phillips articulated her vision with enthusiasm. She expressed gratitude for the support from her colleagues and the board while emphasizing her commitment to innovation and growth. Phillips articulated her thoughts on the prestigious Forbes brand, which has long symbolized financial success and credible journalism since its inception in 1917.

The Importance of Journalism and Change

Phillips acknowledged the ongoing need for trusted journalism in today’s world, reflecting on the brand’s evolving role as it responds to the changing media landscape. She stated, "At Forbes, we stand for success, and we support the success of our own," highlighting a commitment to foster a culture of achievement.

Conclusion: A New Chapter for Forbes Media

This transition marks a significant milestone for Forbes Media. With a strong legacy behind her and a vision for the future, Sherry Phillips is positioned to lead the organization into a new era, promising continued growth, innovation, and excellence in media. Her nearly three decades of experience within the company stands as a testament to her dedication, making her the ideal candidate to carry forward the esteemed Forbes brand.

Frequently Asked Questions

1. Who has been appointed as the new CEO of Forbes Media?

Sherry Phillips has been appointed as the new Chief Executive Officer of Forbes Media, effective January 1, 2025.

2. What previous role did Sherry Phillips hold at Forbes?

Before becoming CEO, Sherry Phillips served as the Chief Revenue Officer, overseeing revenue-generating operations.

3. What notable achievement did Phillips accomplish in her recent role?

Under Phillips' leadership, Forbes' live events revenue increased by 40% over two years.

4. What legacy does Mike Federle leave behind?

Mike Federle led Forbes through a digital transformation and expanded its revenue sources across new business categories.

5. How does Phillips view the future of Forbes?

Sherry Phillips envisions continued growth and innovation at Forbes, reinforcing the brand’s commitment to trusted journalism.

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