Forbes Reorganizes To Support Growth, Promotes Jessica Sibley To Chief Operating Officer
Company Recruiting for New Positions Across the Organization
NEW YORK – WEBWIRE – Monday, January 31, 2022
Forbes announced a reorganization intended to create stronger alignment across the company in order to support growth as it prepares for a public listing currently scheduled to be completed by the end of the first quarter. The companys Growth and Revenue teams are now consolidated into a unified Revenue Operations team led by Jessica Sibley who has been promoted to Chief Operating Officer, reporting to Forbes CEO Mike Federle.
Longtime Forbes executive Sherry Phillips will now oversee the revenue and marketing teams as Chief Sales and Marketing Officer, reporting to Ms. Sibley. Previously, she was CMO. Taha Ahmed, who is promoted to SVP, Corporate Development, Strategy & Consumer Growth, will oversee an expanded Consumer Growth team responsible for Forbes rapidly growing direct-to-consumer business, also reporting to Ms. Sibley.
With our public listing on track for this quarter, this is an incredibly exciting time to be at Forbes as we enter a new chapter designed for continued growth, said Mike Federle, Forbes CEO. I cant think of anyone more capable of leading our Revenue and Growth initiatives than our newly promoted COO Jessica Sibley, an incredible leader and team builder who has led the sales organization to three consecutive years of record results.
Ms. Sibley has been Forbes Chief Revenue Officer for the past two years, and prior to her role as CRO, has held successive sales leadership roles including SVP, U.S. & Europe, and Chief Sales Officer over the course of six years. She has introduced several innovative products and initiatives, including BrandVoice products, ForbesLive virtual events, Forbes Representation & Inclusion Practice, ForbesOne, Forbes Demand Engine, and the CxO Growth Survey. Earlier, Ms. Sibley held leadership positions at Bloomberg, The Wall Street Journal, and Conde Nast.
The new structure were announcing today will enable the pace of growth and scale necessary to achieve our goals, said Jessica Sibley, Chief Operating Officer, Forbes. We have amazing talent in our new Revenue Operations team, and Im excited to support them as we continue to build our powerful media business, and continue to diversify our revenue mix with recurring income from our brand extensions business and direct-to-consumer revenue which has shown dramatic growth this year.
The new Revenue Operations team includes Consumer Growth, Content & Design Studio, ForbesWomen, Sales & Marketing, Product, Technology, Asia, and Europe. These changes are effective immediately.
The company, which has continued to hire through the pandemicavoiding layoffs and furloughsis actively recruiting for nearly three dozen positions on its Revenue, Growth, Product, Technology, Corporate and Editorial Teams. Read more at Forbes Careers.
About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business, and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 44 licensed local editions in 77 countries. Forbes Medias brand extensions include real estate, education, and financial services license agreements.
Forbes recently announced plans to go public through a business combination with Magnum Opus (NYSE: OPA), a special purpose acquisition company (SPAC), which is expected to close in Q1 of 2022.
at the historic Detroit Opera House. This intimate event will be taking place in-person exclusively for Under 30 list makers and virtually for a broader audience on October 11 12. The Summit will safely bring together the best minds across industries, venture capitalism, public policy and more to learn, network, collaborate, recruit and exchange ideas. The Under 30 Summit is a key component of Forbes yearlong 10th anniversary celebration of Under 30 that started with the launch of the 2021 30 Under 30 list. Focusing on the theme Decade of Disruption, the event will assemble a dynamic roster of leaders, entrepreneurs and Under 30 Listers past and present. The event will shine a spotlight on some of the biggest innovators of the last decade and explore what the future has in store as we enter a brand-new era. Feature events at the Forbes Under 30 Summit in Detroit include: As we celebrate the ten-year anniversary of the 30 Under 30 list, the Under 30 community has become a global phenomenon with more than 10,000 young entrepreneurs, leaders and innovators from around the world, said Randall Lane, Chief Content Officer of Forbes and founder of the Under 30 Summit. Our return to in-person events with the Under 30 Summit will spotlight Under 30 list makers, past and present, who have made a positive impact in business and society over the last decade. By hosting it in Detroit, and partnering with Rocket Mortgage, we are ready to safely celebrate a Decade of Disruption in the technology hub of the Midwest. The Summit follows the success of the 2021 Under 30 Summit Kickoff, the largest virtual collaborative effort of its kind, which brought together young innovators and game-changers, as well as Under 30 disruptors from the past 10 years. In returning to Detroit, Forbes will shine a light on the citys grit, its innovative workforce and the unprecedented opportunities for entrepreneurs and investors to see the tremendous value of the tech hub of the Midwest. The return to Detroit for the Under 30 Summit showcases the continued partnership between Rocket Mortgage and Forbes while celebrating the disrupters within the Under 30 community, said Jay Farner, CEO of Rocket Mortgage and Rocket Companies. Detroit, which has changed the world with its entrepreneurial spirit, vibrant culture and extraordinary technology ecosystem, makes for an ideal location to host a gathering of the next generation of brilliant minds, visionaries and disrupters. We look forward to building on the success of the 2019 Under 30 Summit and last years impactful Detroit Hackathon to shine a spotlight on and benefit the city were so proud to call home. The same year Forbes debuted its inaugural Under 30 list saw Rocket Mortgage and Rocket Companies (NYSE: RKT) bring the majority of its workforce to downtown Detroit and have since grown their presence tremendously and continued to impact and disrupt through its business growth and significant investments in the local community in housing, employment and public life. The next decade looks even more promising as Rocket Mortgage further deepens its roots in the city and looks to hires more Detroiters in technology roles, bridge the digital divide and develop innovate programs that lifts its hometown. Additionally, Rocket Companies founder and Chairman Dan Gilbert this year announced a ten-year, $500 million investment into Detroit. The 2021 Forbes Under 30 Summit event will feature key speakers, including: · Whitney Wolfe Herd, Founder & CEO, Bumble · Maria Sharapova, Tennis Champion, Investor and Entrepreneur · Alexandra Cooper, Host & Executive Producer, Call Her Daddy · John Chambers, Former Chairman & CEO, Cisco and Founder & CEO JC2 Ventures · Alex Rodrigues, Cofounder & CEO, Embark Trucks · Roni Frank, Cofounder & Head of Clinical Services, Talkspace · Neil Parikh, Cofounder, Casper · Kirsten Green, Founder & Managing Partner, Forerunner Ventures · Harpreet Singh Rai, CEO, Oura · Ryan Nece, Former NFL Player & Managing Director, Next Play Capital · Ben Pasternak, Cofounder & CEO, SIMULATE · Isabelle Kenyon, Founder & CEO, Calibrate · Adam Sachs, Cofounder & CEO, Vicarious Surgical · Daniella Pierson, Founder & CEO, The Newsette · Peter Rahal, Cofounder, RXBAR · Devon Levesque, Founder, The DML Group · Kyle Hoff, Cofounder & CEO, Floyd · Jim DeCicco, Cofounder & CEO, Super Coffee · Brandon Fleming, Author and Founder & CEO, Harvard Diversity Project · Raquel Raies, National Brand Ambassador, The Macallan · Ann McFerran, Cofounder & CEO, Glamnetic · Sean Henry, Founder & CEO, Stord · Shawn Xu, Senior Associate, Floodgate To learn more, please visit 2021 Forbes Under 30 Summit. To join the conversation on social, follow #Under30Summit. Rocket Mortgage is the title sponsor of the 2021 Forbes Under 30 Summit. The Macallan is the presenting sponsor. Ally and Michigan Economic Development Corporation (MEDC) are supporting sponsors. About Rocket Mortgage Detroit-based Rocket Mortgage, the nations largest home mortgage lender, enables the American Dream of homeownership and financial freedom through its obsession with innovating an industry-leading, digital-driven client experience. Rocket Mortgage closed $320 billion dollars of mortgage volume across all 50 states in 2020. In late 2015, it introduced the first fully digital, completely online mortgage experience. Currently, 99% of all home loans originated by the company utilize Rocket Mortgage technology. Rocket Mortgage moved its headquarters to downtown Detroit in 2010. Today, Rocket Mortgage and Rocket Companies employ 24,000 full-time team members nationwide. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix and operates a centralized loan processing facility in Detroit. Rocket Mortgage ranked highest in the country for customer satisfaction for primary mortgage origination by J.D. Power for the past 11 consecutive years, 2010 2020, and also ranked highest in the country for customer satisfaction among all mortgage servicers the past eight years, 2014 2021. Rocket Companies, Rocket Mortgages parent company, ranked #5 on Fortunes list of the 100 Best Companies to Work For in 2021 and has placed in the top third of the list for 18 consecutive years. For more information and company news visit www.PressRoom.RocketMortgage.com. About Forbes Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business, and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 45 licensed local editions covering 76 countries. Forbes Medias brand extensions include real estate, education, and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect.
The Dallas Cowboys top Forbes 24th Annual NFL Team Valuations, maintaining the title of most valuable team for the 15th consecutive year, worth $6.5 billion followed by the New England Patriots, worth $5 billion. The NFL has the most valuable intellectual property of any sports league, says Mike Ozanian, Assistant Managing Editor at Forbes. In the months ahead, the NFL will likely form a new corporation with media, sports betting and investment companies to further monetize their powerful brand and content. On average, each NFL team is value at $3.48 billion, which increased 14% over the past year. The increase in team values is the result of the leagues $112 billion in new media deals and the success of its partnerships and investments in companies such as Fanatics, Genius Sports, DraftKings and Caesars Entertainment. Methodology Revenues and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2020 season and net of stadium debt service. Debt includes both team and stadium debt recourse to team owners. We employ the cash basis, rather than the accrual basis, of accounting. Team values are enterprise value (equity plus net debt) and include the economics of the teams stadium but not the value of its real estate. For teams building new stadiums, like the Rams and Raiders, values are based on estimates of revenue (net of stadium debt service) in their new stadiums. For the complete list and more, visit: The NFLs Most Valuable Teams 2021: Average Team Value Soars To $3.5 Billion As League Shrugs Off Pandemic Year
Forbes introduces Forbes Demand Engine, its first lead-generation subscription service that utilizes Forbes content to deliver guaranteed marketing leads to its partners. Forbes has worked with its existing partners to support lead generation for years with great success. This new and dedicated subscription offering will refine and personalize the offering further, allowing brands to interact with their core audience through Forbes unparalleled content. Forbes Demand Engine uses our deep experience of working closely with partners and understanding their specific needs when it comes to converting audience interest into tangible leads, said Jessica Sibley, Forbes Chief Revenue Officer. We know our partners are seeking new opportunities and sources to drive growth and sales and we are pleased that through Forbes Demand Engine we can provide them with relevant content and a ready-made, customizable audience of decision makers to engage with and help drive their business forward. Demand Engine works by allowing our partners to subscribe to the use of Forbes content, content studio and data resources to engage audiences at scale. Each lead campaign is developed individually over the course of the subscription through collaboration with our marketing partners. The service combines the credibility and resonance of Forbes content with the efficiencies of a subscription offering to the benefit of our clients with specific lead or demand generation goals. Data from our audiences who actively engage with content will be captured and delivered to our partners. Through Forbes Demand Engine, partners can target and connect with Forbes premium audience of decision makers seamlessly on an ongoing basis. As the worlds biggest business media brand, reaching 140 million people worldwide each month, Forbes engages more C-suite decision-makers, small-business leaders and entrepreneurs than any other media company. Unlike other services, Forbes Lead Engine can guarantee engagement and qualified, data-compliant leads from the most relevant segments of this unique and influential audience. Forbes recognizes that the business needs of our clients has changed. They are looking for new opportunities for engagement from new sources to drive their business forward. Forbes Demand Engine offers leads as a service connecting Forbes premium audiences with premium clients. Forbes has a history of working with many companies in the enterprise technology space, who have leveraged the brands demand generations solutions in the past with great success. About Forbes Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. Forbes Medias brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect.
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