William F. Reilly, chairman and chief executive officer of Summit Business Media, has announced the appointment of Andrew L. Goodenough as president of Summit.
Goodenough has been president of Summit’s Highline Media unit.
Summit was formed when Wind Point Partners, a private equity investment firm, acquired Highline Media and Pfingsten Publishing in November 2006.
Summit initially owned the NU Online News Service, the National Underwriter Life & Health print publication, the Highline Data financial data service, and a wide variety of other financial services periodicals, reference tools, data services, professional educational programs and conference series.
In July, Summit acquired Wicks Business Information, the publisher of Investment Advisor, Credit Union Times, Inside Counsel and Treasury & Risk magazines.
“Andy has done a wonderful job in the initial stages of our buildup, which is currently on plan,” Reilly says. “In addition to continuing to lead the growth of our Highline Business Media unit, he was the driving force behind our acquisition of Wicks Business Information, completed in July and now a part of Highline. In his new role, he will be operating head of the entire company, which currently includes the Pfingsten Publishing and Highline operations acquired last fall. Andy is also leading a number of conversations with additional acquisition candidates.”
“I am grateful for the opportunity to continue and expand my efforts to work with Bill Reilly and Wind Point Partners to create a world-class information company,” Goodenough says.
Reilly, the largest individual shareholder of Summit, continues to be Summit’s chairman and CEO.
Thomas Flynn, Summit’s chief financial officer, will report to Reilly, “with dotted line” to Goodenough.
All other Summit executives will report to Goodenough.
Joe Bennett, former president of Pfingsten Publishing and SB Media L.L.C., will continue his role in helping to grow the company and create value.