Effective immediately, Penske Media Corporation has appointed George Grobar its chief operating officer. Most recently, Grobar served as the company’s executive vice president.
“George is an accomplished executive with more than 25 years of financial and operational leadership experience,” said Jay Penske, PMC chairman and CEO, to whom Grobar will report. “Over the last decade, George has been one of the single greatest contributors to PMC’s success and relentless growth. His knowledge and expertise will undoubtedly continue to be instrumental as we continue to scale the business globally.”
As COO, Grobar will be responsible for working with PMC business leaders to develop growth, operational and financial plans across the company’s portfolio of brands, which includes Footwear News, WWD, Variety, Deadline, Indiewire, TVLine and Hollywood Life.
“PMC has been rapidly expanding and there are tremendous opportunities for growth in both our current businesses and ones we will undoubtedly be adding,” said Grobar. “PMC is one of the few companies on the Internet that can boast having profitable brands across our entire portfolio. That is something we are truly proud of, and would not be possible if we did not have such powerful brands as well as truly world-class people throughout the company. Getting the chance to work with this team is rewarding, and I look forward to the challenges ahead.”
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Prior to joining PMC, Grobar held the position of senior vice president of Disney Mobile. During his time at The Walt Disney Company, Grobar held several senior positions including vice president of Disney e-commerce, vice president and CFO for Disney Direct Marketing and Walt Disney Art Classics and as director of business operations and control for the Consumer Products Division Controllership.
Before joining The Walt Disney Company, Grobar spent eight years in manufacturing and product development at Unisys Corporation.
George has a B.A. degree in economics and English, magna cum laude, from Amherst College in Massachusetts and an MBA in finance from the University of Michigan.