Doug Manoni has announced that he will leave his role as CEO of SourceMedia later in 2018.
In a note to SourceMedia employees, Manoni said, “I’ve been part of the company for over nine years, and it was a difficult decision. But 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. I will remain at the helm over the coming months to seek out my replacement, before transitioning to the new role of Executive Chairman.”
Manoni joined Source in 2008 as executive vice president and managing director of the company’s Professional Services Division before becoming CEO. He oversaw the sale of SourceMedia from Investcorp to private equity firm Observer Capital in 2014.
SourceMedia has aggressively transformed under Manoni’s leadership, identifying its core businesses as digital marketing services, subscription information and events. Source has launched multiple products in recent years, including: account based marketing program SourceSelect+ (which soared to over seven figures in revenue in less than a year); a new digital publishing platform and state-of-the-art content management system; new video “in-article” ad units that more efficiently monetize video; and became an early adopter of BPA Worldwide’s programmatic marketplace.
At Connectiv’s inaugural Innovation Awards in 2017, SourceMedia took three prizes: Retooling the Business Model; Retaining Top Talent; and the “People’s Choice Award” in which attendees voted on a grand winner.
Source aggressively grew its executive ranks under Manoni, including adding Matt Yorke, former IDG Enterprise and IDG Solutions CEO, as chief marketing officer; Minna Rhee, former Zeta Interactive and Razorfish executive as chief digital officer; Marcus Witte, former About.com VP, as VP of integrated marketing; Marianne Collins, former advisory director with Investcorp. as chief revenue officer; and most recently, Allison Adams, former head of content engagement and group publisher at CFA Institute, as chief subscription officer.
Manoni founded and built Wicks Business Information before selling the company to Summit Business Media in 2008 and also served as CFO and operating officer for Cowles Business Media. He served as chairman of Connectiv from 2015 to 2017.
“It has been a genuine privilege to stand at the helm over the past several years," Manoni said in the note to employees. "My career at SourceMedia has been both challenging and rewarding, and I’ve learned a tremendous amount from you. I have enjoyed so many aspects of this assignment, particularly working alongside of the executive committee, my partners at Observer Capital and all of you. I am proud and appreciative of all that we have accomplished together.”