It makes sense that an outlet owned by Prometheus Global Media would break news of a significant though not altogether unexpected boardroom shuffle. On this lazy summer afternoon, perhaps in a deliberate bit of PR timing, first word of CEO Richard Beckman’s departure belongs to Adweek:
“I came to Prometheus with a strategic vision for the company and, having been fortunate to work with a group of talented individuals on these storied brands, I am proud of what we accomplished here over the last two and a half years. I wish them continued success in the future,” stated Beckman.
“Richard was an important part of our brands’ success in these past years, and we wish him all the best in the future,” stated James Finkelstein, chairman of Prometheus Global Media.
Expect some THR-sky-is-falling analysis from the usual suspects, shortly. The trade posted its own item about the Beckman exit a few hours after Adweek (complete with a hilarious opening reader comment).
Update – 07/02/12: Dottie Mattison, a senior managing director at Prometheus part-owner Guggenheim Partners, has been appointed Beckman’s successor. She was previously a senior vice president and general manager with Wal-Mart.