• by Ray Schultz , December 11, 2024

Forbes Media has appointed Sherry Phillips, its current chief revenue officer, as chief executive officer -- the first female to serve in that role -- effective January 1.  

Phillips, a 28-year Forbes veteran, succeeds Mike Federle, who is stepping down and will continue to serve as a strategic advisor to the Forbes leadership team and board. 

Since her appointment as chief revenue officer in 2022, Phillips has overseen digital media, branded content, events, marketing and other aspects of Forbes’ revenue business. 

In 2024, Forbes achieved a 50% increase in site traffic YoY and a 40% hike in live events revenue.

“Sherry is a smart and inspirational executive, who has built her career leading global revenue teams, developing meaningful partnerships, and creating and launching new growth initiatives,” says Federle. “She has been a valued and trusted partner and is the ideal strategic leader to continue to innovate the business and grow the powerful Forbes brand around the world.”  

Federle was named CEO in 2017 after serving as chief operating officer since joining the company in 2011.