• by Ray Schultz , 7 hours ago

George Grobar is stepping aside from his role as president of Penske Media Corp. (PMC), and will act as advisor to Jay Penske, the chairman and CEO of PMC. Grobar will continue to serve on the board of directors.  

In a related development, PMC has promoted Craig Perreault, now chief strategy officer, to the title of president of media & corporate development. 

Grobar joined PMC in 2009 as chief financial officer and was named chief operating officer in 2018. He has helped drive several brand acquisitions. 

"George is one of the greatest executives I’ve ever had the chance to work alongside, he’s a trusted friend, impactful leader, and one of the shrewdest business minds I know," Penske says. 

Perreault, who joined PMC 21 years ago, will oversee all revenue initiatives across the company’s  26 media brands in addition to leading strategic corporate development and partnerships. In his most recent role, he was chief strategy officer. 

"Craig has been with me almost since day one, playing an integral role in building and driving this business forward," Penske adds.