Michael Dubose Named Chairman And CEO Of Vertis, Dean Durbin is Resigning
Press release from the issuing company
BALTIMORE (Dec. 7, 2006) - Vertis Communications says that Michael DuBose has been named chairman and chief executive officer, effective immediately.
DuBose joins Vertis after serving as senior advisor to Aurora Capital and chairman of Anthony International. DuBose served as chairman, president and chief executive officer of Aftermarket Technology, from 1998 to 2005. Prior to his role at Aftermarket, DuBose was chairman and CEO of Grimes Aerospace Company. DuBose has also held executive positions at SAIC, General Instrument, and General Electric Company.
"I am excited about joining the talented team at Vertis and about the robust product and service capabilities at the company," said DuBose. "I believe that focusing on our customers, supporting our employees, and investing in our business, will strengthen Vertis' position as a value-added partner with our customers and a leader in communications services."
"We are pleased to have Mike join the Vertis team. He brings a strong track record of increasing shareholder value at both Aftermarket Technology and Grimes Aerospace, having focused on accelerating growth through value added services and operating excellence," said Anthony J. DiNovi, director of Vertis and co-president of Thomas H. Lee Partners. "We believe his leadership skills and prior CEO experience will be of great benefit to Vertis, its customers and employees."
DuBose will assume the CEO position from Dean Durbin, who has been chief executive since February 2006 and president since November 2004. Durbin is resigning from those posts and is expected to provide transition support to Vertis. DuBose will assume the Chairman position from Don Roland, who will continue to serve on the Board of Directors.
"The Board greatly appreciates Dean's many contributions to Vertis since he joined as CFO in 2000," added DiNovi. "During his tenure as CEO, Vertis increased volumes and greatly improved its competitive positioning in the direct mail marketplace. He engineered several tuck in acquisitions, divested select non-core assets and significantly improved the company's cost structure. We wish Dean the very best in his future endeavors."
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