San Francisco—Patrick Kenealy will step down as CEO of International Data Group by the end of the year and become general partner of the IDG Ventures Pacific II Fund, BtoB
has confirmed. Kenealy said in an interview that IDG is eliminating the full-time CEO position and that the company will now have a decentralized management structure. Kenealy will remain an IDG board member. Kenealy, who has been CEO of IDG since 2002, launched the Pacific I Fund in 1996. It has since grown to four times its initial investment of $100 million. News of Kenealy’s return to the venture-capital arena comes a few months after he promoted Computerworld
President-CEO Bob Carrigan to the new position of president of IDG Communications, IDG’s print and online publishing subsidiary.