Sherry Phillips, who grew up in Media and who has lived in Bryn Mawr for 20 years, has been named the new CEO of Forbes Media, writes Lisa Dukart for Philadelphia Business Journal.

Phillips starts Jan. 1 and will be the first female CEO in Forbes’ 107-year history.

She has been with Forbes Media, best known for its business magazine, for 28 years, serving as chief revenue officer since 2022. She was responsible for Forbes’ revenue-driving business, including digital media, events, marketing and branded content.

Phillips was chief sales and marketing officer and started her career at Forbes Media in 1996 as publisher of ForbesLife, focusing on lifestyle news.

Phillips, who attended high school in Media Borough before earning a bachelor’s degree from the University of Michigan, called being named CEO “an honor.”

She replaces outgoing CEO Mike Federle, who served since 2017.

“Sherry is a smart and inspirational executive, who has built her career leading global revenue teams, developing meaningful partnerships, and creating and launching new growth initiatives,” Federle said in a statement, adding that she is “the ideal strategic leader to continue to innovate the business and grow the powerful Forbes brand around the world.”

Find out more about Sherry Phillips and Forbes in the Philadelphia Business Journal.