Lynn Russo Whylly

Lynn Russo Whylly
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Chief Executive Group Acquires Corporate Board Member

STAMFORD, Conn., Aug. 28, 2017 /PRNewswire/ -- Chief Executive Group, LLC has acquired Corporate Board Member magazine and related assets from Marlin Equity Partners. In June, Marlin acquired Corporate Board Member as part of its purchase of NYSE Governance Services, Inc. from Intercontinental Exchange, Inc. "Business leaders face unprecedented challenges," said Marshall Cooper, CEO of Chief Executive Group, the leading community for CEOs and publisher of Chief Executive magazine. "From trade issues and technological disruption to compensation controversies and ever-increasing pressure from activist shareholders, wise governance and strategic foresight by corporate directors has never been more critical—or more complex." "Over the last 40 years we have earned the trust of CEOs by helping them identify, evaluate and solve their biggest challenges, and will do the same for corporate directors," added Cooper. "Although CEOs and Boards play separate and distinct roles, they work closely together to achieve organizational goals." "Along with CEOs, corporate board members shoulder responsibility for the success or failure of their organizations," said Wayne Cooper, Executive Chairman of Chief Executive Group. "Like CEOs, corporate directors are a discriminating, hard-to-reach audience that values real-world, hard-won experience. This acquisition provides a significant opportunity for us to expand both communities, in collaboration with select partners who can add value." For brands looking to target the ultimate purchase decision makers, Chief Executive Group provides a unique, integrated media platform. "The fact that Chief Executive Group now offers marketers the top two decision-making groups in corporate America is very powerful," said Chris Chalk, Publisher, Chief Executive Group. "These two communities can make big-ticket deals go fast, or go nowhere." Corporate Board Member magazine has been published quarterly since 1998. The company maintains the most comprehensive database of corporate directors in the world, provides ongoing Board training through its Board Leadership Program, and produces peer-driven conferences, including the Annual Boardroom Summit. About Chief Executive Group Chief Executive Group is the leading community for business leaders worldwide. It publishes Chief Executive magazine (published since 1977), chiefexecutive.net, Corporate Board Member and boardmember.com, as well as conferences and roundtables that enable CEOs to discuss key subjects and share their experiences with their peers. The Group also runs the Chief Executive Network, the leading CEO membership organization arranged by industry, and facilitates the annual "CEO of the Year," a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers. Visit www.chiefexecutive.net for more information. Media Contact: Scott Budd Chief Operations Officer 203-889-4981 sbudd@chiefexecutive.net

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Since March, when CEO confidence was at its highest in the last 12 months (7.41 on a scale of 1 to 10 with 10 being the highest), CEOs’ confidence has been weakening month over month—but only slightly—finishing out July with a rating of 7.00. And while the latest rating is still significantly higher than a year ago—5.70 in August 2016—three months prior to the election, over the past few months, more CEOs appear to be reserving judgment until they see what happens next. In addition, while most companies are bullish, the percentage of respondents who anticipate their revenues to grow this year has fallen slightly over the last three months. In April, 85% of CEOs expected their revenues to grow this year. In July, that number dropped to 80%. Of that, the largest downward trend appears to be among those business leaders who anticipated revenue growth above 20%. In April, 14.9% of respondents anticipated +20% growth. In July, the number of respondents in that category is down to 9.8%. Some CEOs are concerned While most comments were positive, some CEOs questioned the direction the country is going in. “Opportunities abound for the strategic and aggressive leader. But, declining integrity coupled with technological advances (are) a concern,” one CEO said. Another felt that “Unproductive political distractions in the White House and aggressive posturing toward trading partners like Mexico and China leave one very concerned about the stability of our economy under this President.” In a nutshell, this CEO said, “It’s unclear what tomorrow will bring.” Size doesn’t matter Small-company CEOs are the most concerned about the future, although the rating differences by size are minimal. CEOs of small companies rated their confidence in future business conditions a 6.79, compared with upper mid-marketers at 7.06, lower mid-marketers at 7.02 and large companies at 7.00. The rating difference between large and small companies is 3%. Transportation industry outlook improves 30%; 12 others have weaker outlooks Of 15 industry sectors, just three have improved outlooks for future business (12 months from now) compared to the future outlook rating they gave six months ago, in January. The Advertising/Marketing/PR/Media/Entertainment, Transportation (Air/Rail) and Energy/Utility sectors each have significantly improved ratings, with Transportation CEOs overall increasing their rating by 30%, from 5.40 in January to 7.00 in July. Financial Services CEOs reduced their rating the most, by 10%, from 7.07 in January to 6.37 in July.

Last 12 Months: CEO Confidence is on a Steady Uptick

[caption id="attachment_60713" align="aligncenter" width="535"] Ratings based on a scale of 1-10 with 10 being the highest.[/caption] Although it has dipped slightly in the last two months, CEO confidence made significant strides in the last six months compared to the previous six months.
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