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I'm delighted to announce the promotion of Eli Hoffmann to the position of Editor in Chief and VP Content. Eli joined Seeking Alpha's editorial team in August 2006. As a Managing Editor, he drove the expansion of our news products, nurturing Wall Street Breakfast into the most popular one-page financial news summary on the web, and launching and developing Market Currents, our real-time market micro-blog, which in March hit almost 7 million page views.

Eli was promoted to VP Content at the beginning of January, taking responsibility for all of Seeking Alpha's editorial initiatives, and overseeing the team of editors who filter, select and publish our contributors' articles. Today, Eli receives the additional title of Editor in Chief.

Eli has clear vision, a long-term perspective, and a strong focus on delivering quality and value to our readers. He's an outstanding personnel manager, a rigorous thinker, a fearless advocate, and, on a personal note, an absolute pleasure to work with.

Eli's transition to Editor in Chief occurs as my close friend and colleague Mick Weinstein announces his departure to join a new startup. Mick joined Seeking Alpha in November 2005 with the task of expanding our content while maintaining high editorial standards.

During Mick's tenure, Seeking Alpha grew from just ten contributors to over 3,000, and from publishing a few articles per market day to about 250. During that time, our monthly readership has grown from a few thousand unique visitors per month to about 3 million. Compared to other major financial websites, Seeking Alpha's readership has the highest percentage of financial professionals, the highest percentage of readers with portfolios over $250,000, $500,000 and $1,000,000, the highest percentage of active investors, and the highest percentage of senior managers. The size and quality of our readership are a direct reflection of Mick's professionalism, hard work, and devotion to excellence. I, and everyone at Seeking Alpha, wish him much success.

- David

Source: Eli Hoffmann Is Seeking Alpha's New VP Content and Editor In Chief