Penske Media Elevates George Grobar to President

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Los Angeles, CA, October 19, 2023: Today, Penske Media Corporation (PMC) announced that George Grobar will be promoted to the role of company President, effective immediately. Grobar, who has been at PMC for 14 years, has held the title of Chief Operating Officer, overseeing the company's operating units and many of the corporate departments. He most recently led the integration of The Hollywood Reporter and Billboard into PMC and managed a portfolio of PMC’s music and entertainment brands and corporate planning functions.  

As President, he will expand his scope with oversight of the entire PMC brand portfolio, including 26 business units (brands) and counting. Grobar will continue to have a seat on PMC’s board of directors. He reports directly to Jay Penske, Chairman, Founder, and CEO of PMC.  

Grobar joined PMC as Chief Financial Officer in 2009 and built the company's financial planning infrastructure, helped lead many acquisitions, built a PMC joint venture operation in India, and worked with the company's growing portfolio of operating units.  Grobar's promotion coincides with Penske Media's significant growth and expansion over the last three years.

“George has been instrumental in making PMC the company it is today," said Penske. “His consistent partnership and deep understanding of our business have been invaluable to our continued growth and success. We are thrilled to recognize George’s leadership, loyalty, and unwavering commitment to the team and our brands.”

“I feel incredibly proud when I look back at how far we have come in the last 14 years, and even more excited about what the next 14 will hold,” said Grobar. Working alongside a visionary and great operator like Jay Penske has been the opportunity of a lifetime. We are just starting, and I can’t wait for what’s next.”

Grobar brings over 35 years of financial and operational experience in new media, consumer products, and technology enterprises to his role at PMC. Before joining PMC, George spent 13 years at The Walt Disney Company, including launching a new strategic business from the ground up, as Senior Vice President of Disney Mobile.  Before moving to Disney Mobile, George held several senior positions, including Vice President of Disney E-commerce, Vice President and Chief Financial Officer for Disney Direct Marketing and Walt Disney Art Classics, and the Director of Business Operations and control for Disney Consumer Products. Prior to Disney, George was with Unisys for eight years, working in the Corporate Treasury organization and progressing to Senior Manager roles in Finance and Product Management in the manufacturing, software development, and hardware engineering groups in Southern California.

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.

About Penske Media

Penske Media Corporation (PMC) is a leading global media and information services company whose award-winning content attracts a passionate audience. Since 2004, PMC has been a pioneer in digital media and a platform innovator, reaching viewers on all screens across its ever-growing constellation of iconic brands, which includes Variety, Rolling Stone, The Hollywood Reporter, Billboard, Dick Clark Productions, WWD, SHE Media, Robb Report, Deadline, Sportico, BGR, ARTnews, Fairchild Media, Vibe, IndieWire, Dirt, Artforum, Gold Derby, Spy.com and Luminate, the premier data and analytics company. PMC’s journalists and content creators deliver daily the most comprehensive news and information in their industries and areas of coverage, unequaled in ambition, depth, and courage. In addition, PMC owns several vital cultural events such as SXSW, LA3C, Life is Beautiful, Latin Music Week and ATX Television Festival. Headquartered in New York and Los Angeles with additional offices in 14 countries worldwide, PMC believes companies should not only be profitable but also forces for good www.pmc.com.