Forbes Reorganizes to Support Growth, Promotes Jessica Sibley to Chief Operating Officer
January 31 2022 - 9:00AM
Business Wire
Company Recruiting for New Positions Across the
Organization
Forbes announced today a reorganization intended to create
stronger alignment across the company in order to support growth as
it prepares for a public listing currently scheduled to be
completed by the end of the first quarter. The company’s Growth and
Revenue teams are now consolidated into a unified Revenue
Operations team led by Jessica Sibley who has been promoted
to Chief Operating Officer, reporting to Forbes CEO Mike
Federle.
Longtime Forbes executive Sherry Phillips will now
oversee the revenue and marketing teams as Chief Sales and
Marketing Officer, reporting to Ms. Sibley. Previously, she was
CMO. Taha Ahmed, who is promoted to SVP, Corporate
Development, Strategy & Consumer Growth, will oversee an
expanded Consumer Growth team responsible for Forbes’ rapidly
growing direct-to-consumer business, also reporting to Ms.
Sibley.
“With our public listing on track for this quarter, this is an
incredibly exciting time to be at Forbes as we enter a new chapter
designed for continued growth,” said Mike Federle, Forbes
CEO. “I can’t think of anyone more capable of leading our Revenue
and Growth initiatives than our newly promoted COO Jessica Sibley,
an incredible leader and team builder who has led the sales
organization to three consecutive years of record results.”
Ms. Sibley has been Forbes Chief Revenue Officer for the past
two years, and prior to her role as CRO, has held successive sales
leadership roles including SVP, U.S. & Europe, and Chief Sales
Officer over the course of six years. She has introduced several
innovative products and initiatives, including BrandVoice products,
ForbesLive virtual events, Forbes’ Representation & Inclusion
Practice, ForbesOne, Forbes Demand Engine, and the CxO Growth
Survey. Earlier, Ms. Sibley held leadership positions at Bloomberg,
The Wall Street Journal, and Conde Nast.
“The new structure we’re announcing today will enable the pace
of growth and scale necessary to achieve our goals,” said
Jessica Sibley, Chief Operating Officer, Forbes. “We have
amazing talent in our new Revenue Operations team, and I’m excited
to support them as we continue to build our powerful media
business, and continue to diversify our revenue mix with recurring
income from our brand extensions business and direct-to-consumer
revenue which has shown dramatic growth this year.”
The new Revenue Operations team includes Consumer Growth,
Content & Design Studio, ForbesWomen, Sales & Marketing,
Product, Technology, Asia, and Europe. These changes are effective
immediately.
The company, which has continued to hire through the
pandemic—avoiding layoffs and furloughs—is actively recruiting for
nearly three dozen positions on its Revenue, Growth, Product,
Technology, Corporate and Editorial Teams. Read more at Forbes
Careers.
About Forbes
Forbes champions success by celebrating those who have made it,
and those who aspire to make it. Forbes convenes and curates the
most influential leaders and entrepreneurs who are driving change,
transforming business, and making a significant impact on the
world. The Forbes brand today reaches more than 150 million people
worldwide through its trusted journalism, signature LIVE and Forbes
Virtual events, custom marketing programs and 44 licensed local
editions in 77 countries. Forbes Media’s brand extensions include
real estate, education, and financial services license
agreements.
Forbes recently announced plans to go public through a business
combination with Magnum Opus (NYSE: OPA), a special purpose
acquisition company (SPAC), which is expected to close in Q1 of
2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20220131005470/en/
Press: Bill Hankes: bhankes@forbes.com
Investor: Ashley DeSimone: ashley.desimone@icrinc.com
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