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CHICAGO — Convenience Store News’ parent company, Stagnito Business Information + Edgell Communications, as well as the Path to Purchase Institute, has a new CEO.
Eagle Holdings Inc., which recently acquired all three of these entities, announced Peter Hoyt as president and CEO of all three companies, which combined provide a comprehensive and fully integrated suite of digital and print media, events, data and information services, research services and professional training. They offer the largest engaged audience and community of influencers and decision makers, across functions and markets, encompassing the $750 billion retail/consumer packaged goods (CPG) marketplace.
Hoyt, executive director of the Path to Purchase Institute, will also continue to serve in this role. Kollin Stagnito, CEO of Stagnito Business Information + Edgell Communications, has stepped down to pursue other interests.
“No one understands the retail/CPG marketplace better than Peter Hoyt,” said Alan Glass, executive chairman of Eagle Holdings. “He brings a unique mix of experience to this new venture. During his 33-year career, he has created a revolutionary business model around community building, digital entrepreneurship and face-to-face programming. He will continue to build out this model as the company develops new products and adds targeted acquisitions in order to fully serve our customers’ marketing needs.”
Hoyt laid the foundation for the Institute in 1988 with the launch of Shopper Marketing magazine (formerly P-O-P Times). Over the next 28 years, the Institute expanded by launching member-based online communities, the Path to Purchase Expo, the Shopper Marketing Summit, the StratConn meeting series, specialized councils and professional development initiatives, and many other events, publications, research and industry white papers.
“Our combined organizations have a huge intellectual advantage in the realm of consumer goods and retail,” said Hoyt. “We are uniquely empowered to provide original, relevant, expertly curated content because we derive and develop our insights from the vast, deep and varied industry connections we have nurtured over decades. And we serve it up in every way that our highly engaged audience wants it.”
Hoyt will lead a combined company of nearly 200 employees that produces more than 20 publications and websites, as well as more than 50 events representing leading brands including Progressive Grocer, Convenience Store News, Shopper Marketing, RIS News and Carbonview among many others. The company, headquartered in Chicago, also has offices in Jersey City, N.J., Randolph, N.J. and Toronto, Canada.
Eagle Holdings Inc. is a portfolio company of RFE Investment Partners, a private equity investor firm.
The Path to Purchase Institute is a global association serving the needs of retailers, brands and solution providers along the path to purchase. It champions shopper-centric thinking and practice that help define the ongoing evolution of consumer marketing and the overall shopping experience.