NEW YORK--(BUSINESS WIRE)--Adweek, the leading source of news and insights covering marketing, media and technology, today announced that Jeffrey Litvack is stepping down as Chief Executive Officer.
“Over the past five years, I have been proud to spearhead the growth and evolution of Adweek into a multi-dimensional brand, including the relaunch of Brandweek and Mediaweek as well as the buildout of Adweek+ and community initiatives,” Litvack said. “I have had the pleasure to work with an extraordinary team of executives, and with COVID almost behind us and the company’s strong financial performance, it’s time to pass the reins and embark on my next chapter.”
Shamrock Capital Partner Laura Held will lead the Office of the CEO while the company conducts an executive search. The Adweek leaders comprising the Office of the CEO include Chief Brand Officer Danny Wright, Chief Innovation Officer Toby Daniels, Chief Content Officer Lisa Granatstein, Editor in Chief Stephanie Paterik and Chief Product Officer David Saabye. Mr. Litvack will serve as a resource for the Board during a transition period.
“Jeff has been a key part of driving the strong success of the business and we want to thank him for his tireless efforts in building the Adweek brand and positioning it as a critical source of information and insights for the marketing and advertising community,” said Held. “As we look forward, we are confident that the team at Adweek will continue to deliver for the community and its partners.”
Adweek is the leading source of news and insight serving the brand marketing ecosystem. First published in 1979, Adweek’s award-winning coverage reaches an engaged audience of more than 6 million professionals across platforms including print, digital, events, podcasts, newsletters, social media, and mobile apps. As a touchstone of the advertising and marketing community, Adweek is an unparalleled resource for leaders across multiple industries who rely on its content to help them do their job better.
About Shamrock Capital
Shamrock Capital is a Los Angeles-based investment firm with approximately $3.5 billion of assets under management, investing exclusively in the media, entertainment, and communications sectors. Shamrock was originally founded in 1978 as the family investment company for the late Roy E. Disney and has since evolved into an institutional money manager with a leading group of investors including endowment and pension funds. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. In addition to its diverse portfolio of Entertainment IP, Shamrock’s current investments include Ad Results Media, Appetize, Bayard Advertising, Branded Cities, Canopy Spectrum, DeCurtis, Excel Sports Management, Iyuno Media Group, Learn on Demand Systems, Maple Media, Mobilitie, Omega Wireless, Pixellot, and Wpromote. For more information, visit shamrockcap.com.