IDG Names President of CXO Media
BOSTON, MA – SEPTEMBER 17, 2002 – International Data Group (IDG), the world's leading technology media company, today announced that Walter Manninen has been appointed President of IDG's CXO Media, publishers of CIO and CSO magazines. Manninen is an 11-year veteran of CXO Media and most recently served as Executive Vice President of Operations. Manninen takes this new role as Joe Levy, CEO and founder of CXO Media, announces his retirement.
"Walter Manninen brings more than 20 years of publishing, business development and operations experience to his new role," said Pat Kenealy, CEO of IDG. "Walter is a proven leader with a commitment to supporting the entrepreneurial, multi-title culture at CXO Media. IDG looks forward to a smooth succession, and to great things in the years to come. At the same time, the CXO team and all of us at IDG around the world offer our gratitude, admiration and best wishes to Joe Levy. Joe exemplifies IDG's values of entrepreneurship and management excellence. The team that Joe has built at CXO Media is as great as a legacy as the products and services he created."
Manninen spent the last three years as Executive Vice President of Operations for CXO Media. In this role, he was responsible for seeking, evaluating and securing new revenue opportunities for the company, for employee and organizational development, for strategic planning, and for P&L management. He joined the company in 1991 to help develop its fledgling Executive Programs business, a thriving series of face-to-face conferences for technology, business and government executives.
"Walter is unique in being both a financial genius and a visionary with a track record of profitable business development," says Levy. "He has a solid understanding of the I.T. business coupled with a creative approach to problem-solving and business development. As the company's executive in charge of day-to-day operations, he extended his role beyond identifying revenue opportunities and managing P&L to providing counsel to every management decision and strategy. I have complete confidence that Walter will lead CXO to continued success."
"With an amazing staff, a new magazine and a steady stream of new ideas and initiatives, CXO Media's future is very bright," says Manninen. "I'm honored and eager to lead the company through its next journey and look forward to continued partnership with my all of my executive staff colleagues, our two publishers, our leaders in editorial, sales, marketing and all our business operations."
Walter Manninen was an early co-creator and advocate of CXO Media's creative, collaborative culture, which encourages all employees to continuously innovate and create new products and services for customer benefit. He has an exceptional track record in developing profitable, customer-valued business ventures. In the mid-1990s, with his editorial and marketing colleagues, he recognized the importance of establishing a vibrant Web presence for CIO magazine, and launched the magazine's successful, award-winning Web site. He also created the company's new business process, which enables the CXO executive team to evaluate, invest in and leverage appropriate new business opportunities.
Prior to entering the information industry, Manninen worked in commercial banking for ten years in various senior management positions, including treasurer, comptroller, vice president and loan officer. He also served on the Board of Security for the Massachusetts Banking Association.
Levy is taking early retirement to open a consulting business and pursue a broader role in the marketplace, including public service work. As a consultant, he will leverage his 30 years of IDG experience to serve the IDG family of companies and other organizations with a focus on strategies, tactics, implementation and results. Levy founded CIO magazine in 1987, 16 years after joining International Data Corporation (IDC), the research subsidiary of IDG. During his tenure at IDC, he rose quickly through the ranks to become the company's first Vice President of Marketing, and built IDC's early reputation as the most authoritative source of market information on the technology industry.
In 1999, Joe added the titles of President and CEO of IDG Communications U.S. to his responsibilities as CEO at CXO. While managing IDG's U.S. publishing businesses, he also lead CXO Media's successful launch of Darwin magazine, created to demystify technology for CEOs and other senior business executives.
Since its founding in 1988, CXO Media's compound annual revenue growth rate has consistently been above 25%. The company continues to innovate, launching three new revenue streams this past year:
The CIO Store, a series of targeted knowledge kits for CIOs that combine case studies, research, real-world details, tips, check lists and an annotated bibliography;
The Best Practice Exchange Select, a subscription based peer-to-peer information exchange program for CIOs, offering one-on-one matchmaking and face-to-face meetings at CIO conferences; and
The CSO product line, including CSO magazine, CSOonline.com and future events.
About CXO Media Inc.
CXO Media publishes CIO magazine (launched in 1987), www.cio.com, The CIO Insider, CSO magazine, CSOonline.com and darwinmag.com. CXO Media serves CIOs, CSOs, CEOs, CFOs, COOs and other corporate officers who use technology to thrive and prosper in this new era of business. The company strives to enhance partnerships among C-level executives, as well as create opportunities for information technology (IT) and consumer marketers to reach them. In addition to magazines and websites, CXO Media produces Executive Programs, a series of conferences that provide educational and networking opportunities for corporate and government leaders.
CXO Media Inc. is a subsidiary of IDG, the world's leading technology media, research and event company.
About International Data Group
Headquartered in Boston, International Data Group (IDG) informs more people about information technology than any other company in the world and is the leading global provider of IT media, research, conferences and events. IDG publishes more than 300 newspapers and magazines in 85 countries, led by the Computerworld, InfoWorld, Macworld, Network World, PC World, and CIO global product lines. IDG offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 330 websites in 70 countries. IDG is also a leading producer of 168 computer-related events in 35 countries, and research arm International Data Corporation (IDC) provides computer industry research and analysis through 51 offices in 43 countries worldwide. Company information is available at www.idg.com.