The joint venture with MRC will be known as PMRC and will be effective immediately with a transition period.
Michael Atmore has been appointed chief brand officer of Fairchild Media and Edward Hertzman has been promoted to executive vice president of Fairchild Media, founder and president of Sourcing Journal.
Hopper joined PMC late last year, when the company acquired art publications owned by Peter Brant.
José María López and Maximilian Günther enthused about the electric cars’ championship and the breathability technology of the Geox shoes.
Jay Penske has made a number of investments and acquisitions over the last year, while Brant looks to be getting out of media altogether.
New executive Tom Finn spent most of his career at Disney.
Chairman and ceo Jay Penske continues to control more than 60 percent of the company.
Penske Media has acquired a majority stake in Wenner Media, parent of Rolling Stone.