New York—In what industry observers describe as a surprising development, Andrew L. Goodenough has resigned as CEO of Summit Business Media, which serves the insurance and financial services markets, to “pursue other interests.” Thomas Flynn, Summit Business Media's CFO-COO, will serve as interim CEO while the company searches for a new chief executive.
“It's very much a surprise to me as it is to everyone else,” said Michael Parker, managing director at AdMedia Partners.
“It's no one's fault,” said Roland DeSilva, managing partner of DeSilva & Phillips. “He led them through a difficult time and the restructuring, but it's just the way things happen in situations like this.”..... Read more.
