Chatsworth, Calif.-based company 1105 Media Inc. announced Sept. 10 that President and CEO Neal Vitale would step down before year-end. The search for a replacement is underway, led by Jeffrey S. Klein, a current member of the 1105 Media Board of Directors, who moves into an expanded role of Executive Chairman.
“It is with mixed feelings that I make this announcement,” Vitale said. “I am proud of all the members of our team at 1105 — from top to bottom — and how they have helped the company grow, face both a global recession and a radical disruption of the advertising/publishing marketplace, and creatively adapt itself to prosper in this new environment. But it is now time for me to move on to other challenges.”
“We thank Neal for his numerous contributions as CEO to 1105 since its inception and look forward to his ongoing involvement as a member of the Board,” Nautic Partners LLC Managing Director Michael Joe said.
Vitale, in conjunction with private equity investors Nautic Partners LLC and Alta Communications, founded 1105 Media in April 2006, through the acquisition and integration of 101communications LLC (where Klein had been CEO) and Stevens Publishing.
The company provides events and media in business-to-business markets, with targeted and well-known brands such as FCW, GCN, Washington Technology and FOSE/GovSec serving the government market; FETC, Campus Technology and THE Journal in education; Redmond, Visual Studio Live! and related properties serving the software and application development community; and The Data Warehousing Institute (TDWI) for business intelligence, analytics and big data.
Vitale remains as a significant shareholder and Director on 1105’s Board.