Detroit Welcomes New CFO at Crain Communications

Detroit welcomes Kevin Demorest as the new CFO of Crain Communications.

News Summary

Kevin Demorest has been appointed as the new Chief Financial Officer of Crain Communications Inc. With over 15 years of experience, he brings a wealth of knowledge from his previous role as CFO at Clark Hill. Under his leadership, Crain Communications aims to enhance its financial strategy while expanding its media portfolio, which recently includes the acquisition of Hart Energy. Demorest’s strong academic background and track record in corporate finance position him as a key player in driving Crain’s growth moving forward.

Detroit Welcomes New CFO at Crain Communications Inc.

In a buzzing episode of corporate moves, Detroit has rolled out the red carpet for its newest executive. Kevin Demorest has been appointed as the new Chief Financial Officer of Crain Communications Inc., a well-known player in the global business media scene. With over 15 years of experience in corporate finance tucked under his belt, Demorest is no stranger to the world of numbers and strategy.

The Financial Maestro Joins the Team

Before joining Crain Communications, Demorest held the reins as CFO at the esteemed Detroit-based global law firm Clark Hill. During his tenure there, he was responsible for overseeing a multitude of finance and accounting functions—everything from financial planning and analysis to merger integrations and risk management. His comprehensive skill set comes from a robust academic background, having earned an undergraduate degree in government from Harvard University and an MBA from the University of Detroit Mercy.

Demorest takes over from Bob Recchia, who has transitioned into a strategic advisor role. Crain Communications is excited about the new direction under Demorest’s financial leadership as they continue to expand their horizons.

Spotlight on Crain Communications Inc.

Headquartered in the heart of Detroit, Crain Communications is a global business media company that boasts a rich portfolio of brands. The company’s reach spans across cities like Chicago, Cleveland, Grand Rapids, and New York, and includes renowned industry-focused brands such as Automotive News and Ad Age. With 21 business media brands in their lineup, Crain is well-equipped to inform and engage audiences across various sectors.

New Acquisitions: Hart Energy Joins the Family

Hart Energy, a Houston-based news and media company squarely focused on the energy sector. While the financial terms of this acquisition remain under wraps, it adds yet another feather in Crain’s cap, further enhancing their already extensive portfolio.

Hart Energy has a solid reputation, providing breaking news, in-depth features, exclusive data, and high-profile industry events for the global energy business. Noteworthy brands under Hart include Oil and Gas Investor, E&P, and DUG conferences. As Crain Communications looks to ramp up its coverage and insights in this vital sector, Hart Energy’s robust editorial and business teams in Houston will continue to function autonomously.

Bringing It All Together

Grand Rapids Business Journal and MiBiz at the end of 2022, as well as the cannabis-focused Green Market Report in 2021.

As the company gears up for an exciting future under the new leadership of Kevin Demorest and with the recent addition of Hart Energy, it’s clear that Crain Communications is committed to delivering timely and relevant news for decision-makers across various industries. This wave of changes reflects a promising direction that aims to keep readers informed and engaged in an ever-evolving market landscape.