Idearc Names Scott W. Klein Chief Executive Officer
02 Giugno 2008 - 1:00PM
Business Wire
Idearc Inc. (NYSE: IAR) announced the appointment of Scott W. Klein
as Chief Executive Officer, effective immediately. Klein, 50, also
becomes a member of the Idearc Board of Directors. Frank P. Gatto,
who has served as interim Chief Executive Officer since February
27, 2008, resumes his position at Idearc as Executive Vice
President � Operations. �Idearc is a company with extraordinary
people and a loyal customer base. I look forward to leading this
great team and to finding new ways to drive profitable
relationships between buyers and sellers,� said Klein. �As the
marketplace continues to evolve, we will leverage our expertise and
accelerate our innovativeness to successfully take advantage of
market changes.� In late 2007, Klein became an operating partner of
Symphony Technology Group, a private equity investment firm.
Previously, as President and CEO for four years, he led the
successful turnaround and reinvention of Symphony�s flagship
acquisition, Information Resources, Inc. (IRI), a global provider
of real-time market information solutions, analytics and
performance management technology. Before that, Klein was President
of the Consumer Industries, Retail & Energy business for
Electronic Data Systems Corporation (NYSE: EDS). Prior to EDS,
Klein was President of PC Mall, Inc. (NASDAQ: MALL), a
California-based telesales, catalog, and Internet reseller of
information technology products. While there, he successfully
launched eCOST.com, a premier business-to-business and
business-to-consumer online retailer of computer products and
consumer electronics. Klein was a co-founder of PrimeSource
Building Products, Inc. and served as Chief Operating Officer while
the company grew from $12 million to nearly $1 billion. Originally
from Floral Park, New York, Klein is an honors accounting graduate
of Syracuse University. He started his career with Procter &
Gamble (NYSE: PG) in brand management and later was Director of
Marketing at PepsiCo (NYSE: PEP). �All of us at Idearc are thrilled
to have an innovative and dynamic leader of Scott�s stature and
diverse experience as Chief Executive Officer,� said Don Reed,
Chairman of the Board. �Scott is a unique talent possessing an
insightful understanding of the sales and marketing imperatives
required for our business to grow. In addition, he possesses the
strategic focus needed to expand and extend the Idearc brand,
coupled with a well disciplined operational focus.� Statements made
in this press release that are not historical facts, including
statements accompanied by words such as "will," "believe,"
"anticipate," or similar words, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding Idearc Inc.�s plans and performance. These
statements are based on management's estimates, assumptions and
projections as of the date of this release and are not guarantees
of future performance. Actual results may differ materially from
the results expressed or implied in these statements as the result
of risks, uncertainties and other factors including, but not
limited to, the factors set forth in Idearc Inc.'s filings with the
Securities and Exchange Commission, including Idearc Inc.�s Annual
Report on Form 10-K for the year ended December 31, 2007. The
Company cautions you not to place undue reliance on the
forward-looking statements contained in this release. The Company
does not undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release. About
Idearc Inc. Idearc Inc. (NYSE: IAR) delivers products on multiple
platforms to help consumers find the information they want,
wherever they are. Idearc�s multi-platform of advertising solutions
includes Superpages.com�, Superpages MobileSM, Superpages MobileSM
for BlackBerry�, Switchboard.com, LocalSearch.comSM, Verizon�
Yellow Pages, Verizon� White Pages, smaller-sized portable Verizon�
Yellow Pages Companion Directories, FairPoint� Yellow Pages,
FairPoint� White Pages, FairPoint� Yellow Pages Companion
Directories, reFresh reCharge reNew� magazine, Solutions At Hand�
magazine, Solutions at Home� magazine, and Solutions on the Move�
and Solutions Direct� direct mail packages. For more information,
visit www.idearc.com. (IAR-G)
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