Black Enterprise Names New CEO
Earl G. Graves Sr., founder of Black Enterprise magazine, has announced the appointment of his son, Earl “Butch” Graves Jr., as chief executive officer and president of the magazine. Graves Sr., who founded the company in 1970, will remain chairman and publisher.
Graves Sr. said his son’s promotion was well-deserved and is a reflection of the company’s growth as a result of his efforts.
“Over the past 17 years, Butch has excelled despite the challenges of an ultracompetitive and rapidly changing publishing industry,” he said. “As we have expanded our company, Butch’s business acumen and instincts have helped triple our revenue.”
Graves Jr. will continue to head up the company’s strategic efforts, guide its overall profitability and make all final editorial decisions.
“I am excited about the opportunity to succeed my father as CEO of Black Enterprise,” Graves Jr. said. “My mission is to build upon the success of what he established, while finding new media outlets that will grow our business and demonstrate all things possible to our core audience.”
Black Enterprise magazine provides its circulation of more than 500,000 with information on African American business markets, financial management, entrepreneurship and careers.