Penske Media Corp. has promoted George Grobar to the role of company President, effective immediately. Grobar, who has been at Pmc for 14 years, previously served as Chief Operating Officer with oversight of the company’s operating units and many of the corporate departments. He most recently led the integration of The Hollywood Reporter and Billboard into Pmc and oversaw a portfolio of Pmc’s music and entertainment brands, in addition to corporate planning functions.

As President, he will expand his scope with oversight of the entire Pmc brand portfolio which includes 26 business units (brands) and counting. Grobar will continue to have a seat on Pmc’s board of directors. He reports directly to Jay Penske, Chairman, Founder and CEO of Pmc.

“George has been instrumental in making Pmc the company it is today,” said Penske. “His consistent partnership and deep understanding of our business have been invaluable to our continued...