TheStreet.com Names Daryl Otte CEO

TheStreet.com Inc. (TSCM Quote), an online financial media company and the publisher of this Web site, said Tuesday it has appointed Daryl Otte to the position of chief executive officer, removing the interim tag he had held since March.

Otte, 47, has served as a director of the New York-based company since 2001, and he previously served as the chairman of TheStreet.com's audit committee. He is a founding partner of Montefiore Partners, a venture capital investment fund management firm.

"The Board has great confidence in Daryl, based on his prior experience as well as his recent performance in the role of Interim CEO. I am delighted that he has agreed to lead the team," said James J. Cramer, TheStreet.com's chairman, in a prepared statement.

Prior to founding Montefiore Partners in 2000, Otte was senior vice president and a member of the executive committee of media company Ziff-Davis. While there, from 1995 through 2000, he initiated and managed acquisition and development projects and venture investments.

Shares of TheStreet.com closed Tuesday at $1.90.