HAMILTON, Bermuda, May 14, 2008-- VistaPrint Limited, the small business marketing company, today announced a proactive evolution of its worldwide organizational structure and the promotion of seven senior executives. The company's new structure will consist of two geographically-focused business units, one in North America and the other in Europe. The organization has been specifically designed to position VistaPrint for continued rapid growth.
Two experienced and dedicated senior executives have been promoted to lead each of the new business units: Wendy Cebula has been promoted to a newly created position of President - VistaPrint North America and will be based out of Lexington, Massachusetts. Ms. Cebula joined VistaPrint in 2000 and most recently served as the company's Chief Operating Officer. Janet Holian has also been promoted to the newly created position of President - VistaPrint Europe and will be based out of Barcelona, Spain. A senior executive with VistaPrint since 2000, Ms. Holian most recently served as the company's Chief Marketing Officer.
VistaPrint is an international organization with operations and localized websites world wide. "We believe both North America and Europe have enormous additional potential for VistaPrint, and this new organizational structure enables the company to expand with an enhanced market focus and cross functional best practices," said VistaPrint's President and CEO Robert Keane.
Two additional VistaPrint veterans have been promoted to lead marketing activities of the new business units. Trynka Shineman has been promoted to Chief Marketing Officer of VistaPrint North America. She joined the company in 2004 and most recently served as Senior Vice President of North American Marketing. Nick Ruotolo will serve as Chief Marketing Officer of VistaPrint Europe. He joined the company in 2005 and previously served as a Senior Vice President within the marketing organization.
Additionally, VistaPrint's Senior Vice President of Capabilities Development Don Nelson, is being promoted to Chief Information Officer. In this role, Mr. Nelson will be responsible for technology development, software quality assurance, software architecture, and technology operations. Mr. Nelson joined VistaPrint in 2006.
Austin Cooke, who most recently served as Vice President of Recruiting, is being promoted to Vice President Human Resources of VistaPrint North America. In this role, Mr. Cooke will lead all HR activities in the North American business unit. Emma Barnes Brown, who most recently served as Senior Vice President of Learning & Development, is being promoted to Chief Talent Officer. In this role, Ms. Barnes will lead the company's worldwide executive development activities.
Keane continued, "VistaPrint benefits from a deep and talented executive management team that has continued to lead the company through very rapid growth and market penetration. I congratulate all of these executives for their promotions and, on behalf of all of VistaPrint, thank them for the major contributions they have made to the company."
VistaPrint believes its new management structure will support the company's growth and is reaffirming all financial guidance set forth in the press release issued April 29, 2008 under the caption "Financial Guidance as of April 29, 2008." The company anticipates share-based and cash compensation costs totaling approximately $1.4 million relating primarily to a separately announced personnel change when the company reports its financial results for the quarters ending June 30, 2008 and September 30, 2008.
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