In conjunction with the release of Marvel's second quarter report, Marvel CEO Peter Cuneo announced that Bill Jemas had been promoted to COO of Marvel.  Cuneo's statement read,

'I am personally very pleased to note that our President of Publishing, Licensing and New Media, Bill Jemas, has done an extraordinary job in leading these divisions during the past 18 months.  Accordingly, in recognition of his efforts, Bill has been named to the added position of Chief Operating Officer of Marvel Enterprises, Inc.  Bill has been the driving force in the formulation and execution of new strategies and tactics that have pushed these businesses to new heights.  This promotion recognizes his outstanding performance.'