Steve Forbes announced this morning that Bill Baldwin, the editor of Forbes magazine since 1999, is stepping down. He will stay on with Forbes as a contributor, columnist and blogger.
Forbes is under the leardership of Lewis D’Vorkin, who was recently brought in over Mr. Baldwin’s head as chief product officer to oversee Forbes content on all platforms. Mr. D’Vorkin told The Observer that his strategy will involve bringing in hundreds, maybe thousands, of bloggers and freelance contributors to write for Forbes.
The Observer requested an interview with Mr. Baldwin last week when we were writing about Mr. D’Vorkin’s arrival. A spokeswoman for the magazine declined our request, writing in an email that “The person to talk to about everything is Lewis. He is in charge and he has the vision.”
Here’s the release:
This morning Bill Baldwin told his editorial colleagues that he was stepping down as Editor of Forbes magazine, a post that he has held since 1999. In his new role, effective September 1, Bill will be a contributor, columnist and blogger, with the title Investment Strategies Editor. His story subjects will be the ones to which he has recently devoted his Sidelines column: taxes, asset allocation, money managers and investment products. With a handful of other individuals such as Jim Michaels, Bill Baldwin played a critical part in making Forbes a unique, formidable force in American journalism. He has been a superb editor of Forbes: readership of our magazine is at an all-time high. He has an insightful knack for spotting talent and he has been a restless innovator. For example he was an early and constant advocate of Forbes going online and pouring in the resources that have made the website the premium destination for business people. He also has an incredible eye for detail, which didn’t always make him popular with subjects of Forbes articles. Financial institutions, for instance, hated it when the magazine exposed products that hurt investors with too-high, oft-hidden fees. Thanks to Bill’s advocacy for our statistical department, Forbes has data analysis skills our competition lacks. In his new role Bill will continue to be appear on Forbes on Fox and other television shows and will be a participant at conferences and other events. My siblings, our colleagues here at Forbes and I are deeply grateful for the extraordinary devotion and outstanding service Bill has given to Forbes and more fundamentally to Forbes Media audiences.