Doug Manoni will soon step down as CEO of SourceMedia and transition to executive chairman, he informed staffers this week.
The second CEO in the company’s 14-year history, Manoni has held the role since 2010, when he was promoted from EVP and managing director.
Reps for SourceMedia were unable to provide details—other than confirming Manoni’s plan to step down and that the company is in the process of identifying a successor—but Connectiv’s Matt Kinsman reports that Manoni informed staffers, “I’ve decided that it’s time to move to a new challenge, and in the process move closer to my family in the Boston area.”
Manoni arrived at SourceMedia in 2008—just four years after its spinoff from Thomson Financial—as executive VP and managing director of American Banker and Cards&Payments, before ascending to the CEO role two years later.
Since then, he’s overseen SourceMedia’s transition from a legacy-structured business publisher to one focused on digital media and data-driven marketing products, installing much of the current executive team and managing the company’s 2014 sale to Observer Capital.
Prior to SourceMedia, Manoni launched Wicks Business Information in 1999 before selling the company to Summit Business Media in 2007, and before that spent several years in executive roles at Cowles Business Media. While at SourceMedia, Manoni also served as chairman of the trade association American Business Media and its successor, Connectiv, from 2015 to 2017.