Appointed as Executive Chairman and CEO
Andrew Benettwas appointed as Executive Chairman and Chief Executive Officer. Andrew is a seasoned executive with over 20 years of expertise in brand development, digital, direct, and marketing technology, and he was the former global CEO of Havas Creative Group, a leading marketing communications network with 12,000 employees. Brian Linscottwas appointed Chief Operating Officer. Brian has an accomplished track record for improving financial and operational results, and his prior positions include CFO of Sun Times Media, LLC, a media company that included the Chicago Sun-Times, Managing Director of Huron Consulting Group, and a Partner at BR Advisors, where he led operation improvement, developed new partnerships and drove topline growth for media clients and other companies. Lauri Kearneswas promoted to Chief Financial Officer, replacing Mark Del Priore, who will be leaving the Company. Lauri has held a variety of finance positions at the Company of increasing responsibility over the past sixteen years, and both she and Mark played a critical role in the restructuring.
- Evan Behrens was named Lead Independent Director.
Andrew Harrisonstepped down as President, but will remain with the Company, and report to Andrew Benettin an executive advisory role.
Mr. Tobia further stated, “The Board expresses sincere appreciation to
Mr. Tobia, continued, “As part of this realignment of the Board and management transition, Evan Behrens has been appointed as Lead Independent Director. Evan and I worked closely during the recruitment process. I am confident that under Andrew’s and Evan’s oversight and guidance, the new management team will be well positioned to lead
Mr. Tobia concluded, “We have taken shareholder feedback into the boardroom. We reconstituted the full board with effective, independent directors, and established a robust governance framework and restructured the entire senior leadership team. The Board believes the Company is well-positioned to refocus on growth going forward. It is the right time for me to step down as Chairman.”
Throughout his career, Andrew has been inducted into the AAF’s Advertising Hall of Achievement, honoring innovators under the age of 40 (2010), Boston Business Journal’s “40 Under 40” (2010) and Crain’s New York Business’s “40 Under 40” (2009).
Andrew is a frequent contributor to the
He is also co-author of three business books, Consumed: Rethinking Business in the Era of Mindful Spending; Good for Business: The Rise of the
Brian Linscott’s career includes nearly two decades of advising clients and C-level executives on strategy, operational improvements to drive topline growth, acquisitions, corporate development and capital structure across a variety of industries including media, manufacturing, and transportation. Most recently, he served as Partner at
In her new role,
Cautionary Note Regarding Forward-Looking Statements:
Our press release and related earnings conference call contain “forward-looking statements” within the meaning of U.S. federal securities laws. All such statements are qualified by this cautionary note, provided pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements other than historical facts are forward-looking and may be identified by words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “seeks,” “could,” “intends,” or words of similar meaning. These forward-looking statements are based on current information, expectations and estimates and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from what is expressed in or indicated by the forward-looking statements. In that event, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose part or all of their investments. These risks, uncertainties, assumptions and other factors include: (a) local, national and international economic and business conditions, including (i) market conditions that may adversely impact marketing expenditures and (ii) the impact of economic environments and competitive pressures on the financial condition, marketing expenditures and activities of our clients and prospects; (b) the demand for our products and services by clients and prospective clients, including (i) the willingness of existing clients to maintain or increase their spending on products and services that are or remain profitable for us, and (ii) our ability to predict changes in client needs and preferences; (c) economic and other business factors that impact the industry verticals we serve, including competition and consolidation of current and prospective clients, vendors and partners in these verticals; (d) our ability to manage and timely adjust our facilities, capacity, workforce and cost structure to effectively serve our clients; (e) our ability to improve our processes and to provide new products and services in a timely and cost-effective manner though development, license, partnership or acquisition; (f) our ability to protect our facilities against security breaches and other interruptions and to protect sensitive personal information of our clients and their customers; (g) our ability to respond to increasing concern, regulation and legal action over consumer privacy issues, including changing requirements for collection, processing and use of information; (h) the impact of privacy and other regulations, including restrictions on unsolicited marketing communications and other consumer protection laws; (i) fluctuations in fuel prices, paper prices, postal rates and postal delivery schedules; (j) the number of shares, if any, that we may repurchase in connection with our repurchase program; (k) unanticipated developments regarding litigation or other contingent liabilities; (l) our ability to complete anticipated divestitures and reorganizations, including cost-saving initiatives; (m) our ability to realize the expected tax refunds; and (n) other factors discussed from time to time in our filings with the Securities and Exchange Commission, including under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2017. The forward-looking statements in this press release and our related earnings conference call are made only as of the date hereof and we undertake no obligation to update publicly any forward-looking statement, even if new information becomes available or other events occur in the future.
As used herein, “Harte Hanks” or “the Company” refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks’ logo and name are trademarks of Harte Hanks.
Source: Harte Hanks, Inc.
Source: Harte Hanks, Inc.