PennWell Corp., a diversified global business-to-business media and marketing services company, announced the retirement of Robert F. "Bob" Biolchini as president and CEO and the election of Mark C. Wilmoth to succeed Biolchini as president and CEO. Biolchini has served as President and CEO since April 1, 2000. For the past 11 years, Wilmoth has served as CFO and senior vice president, finance.
Biolchini was elected chairman the board of directors, and will remain on the company’s executive committee. Outgoing chairman Frank T. Lauinger becomes vice-chairman.
Based in Tulsa since its inception in 1910, PennWell is a privately held company in the fifth generation of continuous family ownership. The company has over 600 employees across offices worldwide, with 343 at its headquarters in Tulsa.
Currently, PennWell's profit centers include 150 print and online magazines and newsletters and 60 conferences and exhibitions on six continents. The company also has an extensive offering of books, maps, websites, research and database services. PennWell's Oil & Gas Financial Journal celebrated its 10th anniversary in 2014.