Marketwired Inc., a Toronto-based provider of newswire services in North America, has appointed Jim Delaney as CEO. Mr. Delaney had previously been Marketwired’s COO, a position intentionally created to groom the next CEO, according to the company. Former CEO Michael Nowlan will remain on the board of directors. Marketwired is majority owned by OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
Today, Marketwired announced that chief operating officer Jim Delaney has been named the next chief executive officer, succeeding Michael Nowlan, who will remain on the Board of Directors.
For the past nine months, Delaney has served as Marketwired’s COO – a position that was intentionally created to groom the next CEO.
“It’s been a privilege to work for Michael during this transition,” said Delaney. “While we have high expectations to meet, this change is consistent with Marketwired’s overall strategy and business goals. I am excited about the work ahead, and confident that we have the team and products in place to succeed in this next phase of the company’s growth.”
In his new role, Delaney will focus on leading transformational change in the traditional newswire distribution industry by introducing new products and services, defining new strategic relationships with social networks, and growing market share and topline revenue.
“We are delighted that Jim Delaney is taking over the helm as Marketwired continues its evolution into a truly innovative social communications company,” said Michael Graham, Chairman of the Board of Marketwired. “We’re also extremely fortunate that Michael Nowlan, who has played an integral role in Marketwired’s success over the past 14 years, will continue to play a strategic role on the Board.”
Nowlan will remain on the Board of Directors and continue to provide strategic oversight. During Nowlan’s 14-year tenure as CEO, Marketwired solidified its role as an innovative, forward-thinking company, marked by many industry firsts. Additionally, three years ago, Nowlan had the foresight to recognize the critical role of big data in the business landscape, resulting in his acquisition of Sysomos, a state-of-the-art social media monitoring and analytics software. Today, Marketwired’s suite of products are powered by Sysomos, providing critical business intelligence that allows brands to see what’s happening, why it’s happening, and who’s driving the conversations.
Under Nowlan’s leadership, Marketwired evolved from a wire service to a wired company, improving its people, products and processes to become an innovative, social communications company offering best-in-class news distribution and reporting and state-of-the-art social media monitoring and analytics. In his new role as CEO, Delaney will continue to execute Marketwired’s strategic plan by expanding its offerings and expertise to help clients discover new opportunities that will drive future success.
Partnering with companies of all sizes – from start-ups to Fortune 500 enterprises – Marketwired is an innovative, social communications company offering best-in-class, global news distribution and reporting. Powered by Sysomos, Marketwired’s products also provide state-of-the-art social media monitoring and analytics. This critical business intelligence provides instant and unlimited access to all social media conversations, allowing brands to see what’s happening, why it’s happening, and who’s driving the conversations.
Marketwired is majority-owned by OMERS Private Equity (www.omerspe.com).
About OMERS Private Equity
Operating under the OMERS Worldwide brand, OMERS Private Equity manages the private equity activities of the OMERS pension plan and has over $6 billion of investments under management. The group’s investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, Canada, with offices in London and New York. For further information visit: www.omerspe.com.
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