Gertrude Ramsay Crain announced last week that she will step down as chairwoman of Crain Communications, the parent company of MODERN HEALTHCARE.
After more than 40 years with the company, she will retire and assume the title of chairman emeritus. Her sons, Rance and Keith, will retain their respective titles of president and vice chairman.
Gertrude Crain, 85, married G.D. Crain Jr., the company's founder, in 1936. She began working for the family business, originally known as Advertising Publications, in an official capacity during the 1950s, when she oversaw the company's investments as assistant treasurer. She later served as secretary until 1974, when she was elected chairwoman to succeed her late husband.
During her tenure, Crain Communications has grown from a company with fewer than five publications to one with more than two dozen. Currently, the company publishes 25 trade, business and consumer papers, including Advertising Age, Automotive News, Business Insurance and Electronic Media.