Thomas J. Clarke, Jr. Joins Company as Chief Executive Officer, While Founder Martin D. Weiss, Ph.D., Continues as Chairman of the Board
JUPITER, Fla., July 27, 2010 – Weiss Group, Inc., the parent company of Weiss Ratings, Weiss Research and Weiss Capital Management, has hired Thomas J. Clarke, Jr. as chief executive officer. Martin D. Weiss, CEO since 1971, will continue as chairman of the board and editor of the firm's largest circulation publication, Money and Markets.
Before joining Weiss, Mr. Clarke, 53, was the CEO of TheStreet.com for ten years, providing the strategic direction that helped it to become a leading financial media company. And earlier, he served as President of Thomson Financial Investor Relations, where he oversaw a global business with offices in the world's major financial centers and clients in over 40 countries.
"With a growing demand for the safety-oriented, all-weather investment solutions that the Weiss Group is known for, and with our recent re-acquisition of the Weiss ratings business, we see major growth opportunities ahead," commented Dr. Weiss. "So the timing couldn't be better for Tom Clarke to lead our company, applying his many years of experience and clear strategic vision toward the goal of helping millions of investors in the U.S. and overseas to prosper in good times or bad."
The Weiss Group's primary mission is to empower its customers and the public to help them preserve their capital and grow their wealth. Mr. Clarke and Dr. Weiss will be working closely as a team to fulfill that mission, with Mr. Clarke focusing his efforts on corporate planning and growth, while Dr. Weiss dedicates more of his energy to consumer and investor advocacy.
"I have been closely following Martin Weiss and his team for many years," said Mr. Clarke. "They are among the nation's most disciplined and insightful analysts and advisers covering the nation's insurance companies, banks, financial markets and world economy. I am delighted to join and take the helm of a company with a solid, 39-year tradition of helping average investors and consumers. I look forward to working with Martin in growing all of the company's businesses and guiding them to new promising areas both in the U.S. and abroad."
Over a span of 30 years, Mr. Clarke has held CEO and other leadership positions in five companies and has been a board member of another seven firms. He holds a Bachelor of Science degree from St. John's University and an MBA from Hofstra University.
The first Weiss company was founded in 1971. Now, the Weiss Group includes Weiss Ratings, the nation's leading independent provider of bank and insurance company ratings; Weiss Research, the publisher of Money and Markets, Safe Money Report, Uncommon Wisdom, Real Wealth Report, and many other investment newsletters; plus Weiss Capital Management, Inc., which manages accounts for individuals and institutions.