Michael J. Clowes, editor of Pensions & Investments for 18 years, has been named editorial director of P&I and its new sister publication, InvestmentNews.
William T. Bisson Jr., publisher of both newspapers, announced Mr. Clowes' promotion, effective July 7.
Nancy K. Webman, executive editor of P&I for more than 10 years, was promoted to succeed Mr. Clowes as editor.
"This management change is designed to ensure and improve the quality and impact of Pensions & Investments and its related products and services," Mr. Bisson said. He noted the growth of the product lines - P&I, P&I Daily, P&I Custom Publishing/Video, P&I Conferences and PIPER - as well as the launch of InvestmentNews, necessitates the changes.
In his new role as editorial director, Mr. Clowes will be able to make sure both publications are correctly focused and balanced for their industries. He also will be looking for ways to grow the editorial franchises for all related products and services.
Ms. Webman will have full responsibility for the day-to-day editorial operations of P&I.
Mr. Clowes began his career at P&I in 1973 as executive editor of the soon-to-be-launched publication. He was named editor in 1979. Ms. Webman joined P&I in 1982 as a reporter in Dallas. She became managing editor in 1983, and executive editor in 1986.
