Forbes.com Names President

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Michael Smith has been named president of Forbes.com, according to a memo obtained by ClickZ News.

Smith, who came to Forbes.com in 2000 as chief technology officer, rose through the ranks at the business Web site. "In his new role, Mike will have responsibility for all aspects of the operational management of Forbes.com. In this capacity, he also will have responsibility for Forbes.com Business & Finance Blog Network and ForbesTraveler.com, according to an all-hands company memo from Steve Forbes, the magazine's editor-in-chief.

Before Forbes, Smith was chief information officer at TheStreet.com, another business Web site.

The move comes just as Forbes.com CEO Jim Spanfeller steps down. Spanfeller said in July he would be leaving to to launch his own digital media startup.

Smith reports to Tim Forbes, president and chief operating officer of Forbes.