Goldstone Returns to Hanley Wood as CEO; Anton Transitions to Chairman Role
With a change in ownership structure and the recession starting to finally recede, Hanley Wood has decided old is new again and brought back Peter Goldstone as CEO of the company.
Goldstone, who previously was president of the company before he departed in 2010, will step into Frank Anton’s shoes, who will transition into a chairman role.
Both changes will take place in early May.
"After spending over 20 great years with Hanley Wood in positions of increasing operational responsibility and following the successful completion of our recent balance sheet recapitalization, I felt that it was time to take a step back so I could focus more of my time on helping the company from a higher-level strategic perspective," Anton said.
He added, "Given how much I care about Hanley Wood and its employees, I wouldn't have felt comfortable making this move if it weren't for the fact that I was able to recruit such a high-caliber and dynamic leader as Peter Goldstone back to the company."
Goldstone has been serving as president of Government Executive Media Group, which is the business-to-business media division of Atlantic Media.
Prior to that, Goldstone spent 11 years with Hanley Wood, most recently as the company's president.
"I'm excited to work closely with Peter to drive Hanley Wood's next stage of growth, and I'm confident that the company's best days still lie ahead,” Anton said.
Goldstone is taking the helm just a few months after Oaktree Captial Management bought Hanley Wood, which allowed Hanley Wood slash its long-term debt of $440 million to $80 million, as well as infuse $35 million of capital into the company.
Goldstone said, "First, I want to express my deep appreciation to David Bradley and Justin Smith of Atlantic Media for the opportunity they have provided me. Atlantic Media is a great company, and it was an honor and privilege to work there. I wish them great success in the future."
He added, "At the same time, I am thrilled to be rejoining Hanley Wood, which was my home for 11 years. I also feel fortunate to team up once again with my good friend, Frank Anton. We have been solid partners, and we share a passion for aggressively growing this business. Although the next chapter of growth will most certainly look different, Hanley Wood will continue to lead and serve the construction market with robust engagement platforms and information products. I am eager to get started."
Hanley Wood primarily serves the architecture and construction industries and has a portfolio of magazines and Web sites, trade shows, market intelligence data and custom marketing solutions.
Some of Hanley Wood Exhibitions trade shows include World of Concrete, Surface and Deck Expo.
Until recently, the opportunity to have a celebrity attend an event, attach themselves to a name-brand or endorse a certain product or idea was untouchable. The thought of paying a person to promote a product was seen as something only Fortune 500 companies could afford. Social media has changed all that with brands and businesses utilizing celebrity influencers to connect directly with their demographics and increase sales and profits.