There were 1,751 press releases posted in the last 24 hours and 304,751 in the last 365 days.

Clarke To Step Down As CEO Of TheStreet.com

March 13, 2009 (FinancialWire) -- Financial media company TheStreet.com, Inc. (NASDAQ: TSCM) (Current Market Cap: US$59.54 Mil.) said that Thomas J. Clarke, Jr., its chief executive officer and a director for the past ten years, is leaving the company.

The company said that committee of its board, led by Daryl Otte, has launched a search for a new CEO. Otte, who has served as a director of TheStreet.com since 2001 and has previously served as the chairman of the company's audit committee, will assume the role of interim CEO. He will remain as interim CEO until a permanent replacement is named.

Otte is a founding partner of Montefiore Partners, a venture capital investment fund management firm. Prior to founding Montefiore Partners in 2000, he was senior vice president and member of the executive committee of Ziff-Davis, a media company.

During his service at Ziff-Davis from 1995 through 2000, Otte initiated and managed acquisition and development projects and venture investments, including some of the early commercialization efforts of the Internet.

New York-based TheStreet.com engages audiences on video and digital platforms through various websites, including TheStreet.com, RealMoney.com, Stockpickr.com, BankingMyWay.com, MainStreet.com, Rate-Watch.com and Promotions.com.

FinancialWire" ( http://www.financialwire.net ), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .

Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .

Copyright(C)2009 by financialwire.net, Inc. All rights reserved.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.