Dan Shar has been named president of Investor’s Business Daily and MarketWatch, according to an internal memo from Dow Jones CEO Almar Latour.
Shar will work with Jerry Ferrara, who is moving into an advisory role after nearly seven years as IBD president.
Shar was the executive sponsor of the 2021 acquisition of IBD by Dow Jones, leading due diligence and the integration of the newly acquired business. “Dan has been a champion of the vision for [Investor’s Business Daily’s] future and the value it brings to Dow Jones since the acquisition was completed,” Latour, who also serves as publisher of the Wall Street Journal, said.
Shar said he sees ample growth potential for IBD, MarketWatch and Dow Jones properties, from events to editorial to investor services. IBD’s tools, analytics and data are to be made available to its fellow Dow Jones brands.
“The collaboration opportunities are immense,” Shar said. “We’re going to figure out the pieces that make sense between MarketWatch, IBD and beyond.”
Shar’s recent milestones include the introduction of MarketWatch’s subscription model, the doubling of MarketWatch’s revenue and the tripling of Barron’s Group readership, Latour said.
Shar has been general manager of MarketWatch since 2016 and senior vice president and associate publisher of the Barron’s Group — which comprises Barron’s, Penta, Mansion Global and Financial News in addition to MarketWatch and IBD — since 2018.