"I fully understand his desire to lighten his workload on administrative matters and he hands the Chairmanship role over to Woody at a time when our strategy is set and our future is promising," Otte said. "We look forward to continuing to work with Jim as a Board member, and, as importantly, letting him focus even more intently on creating the great content that our users love in our websites and services, including Action Alerts PLUS and RealMoney."
Cramer, who founded the company in 1996, said, "I am thrilled to be handing this post to Woody, who knows our business well and I am confident will make an outstanding chairman."
The management change comes as part of a broader rebranding campaign for TheStreet, publisher of this Web site. Under the leadership of Otte since the spring of 2009, the company has been pushing increasingly into video content and other multimedia platforms with various types of news, analysis and market commentary.
Otte has been a director of the company since 2001 and took over from former CEO Tom Clarke on an interim basis in March 2009 and as a permanent replacement two months later. He is a founding partner of Montefiore Partners, a venture capital investment fund management firm, and has a long history of technology and Web investing.Marshall has a similar background. His firm, Technology Crossover Ventures, a private-equity and venture capital firm, has $7.7 billion under management. Before that, Marshall spent 12 years at Trident Capital and worked for Banque Paribas and the Chase Manhattan Bank -- Written by Lauren Tara LaCapra in New York.
>To contact the writer of this article, click here: Lauren Tara LaCapra. >To follow the writer on Twitter, go to http://twitter.com/laurenlacapra. >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV