Data-Driven Marketing Solutions Leader, Infogroup, Appoints Michael Iaccarino President and CEO
OMAHA, Neb.--(BUSINESS WIRE)-- The Board of Directors of Infogroup today announced the appointment of Michael Iaccarino to President and Chief Executive Officer. Mr. Iaccarino will continue as a member of the Company’s board of directors and succeeds Clare Hart who is leaving Infogroup to pursue new opportunities.
Richard F. Zannino, Infogroup’s lead director and a Managing Director at CCMP Capital, Infogroup’s majority shareholder, stated, “We are thrilled that Mike Iaccarino has agreed to become Infogroup’s President and Chief Executive Officer. He has amazingly deep expertise and an outstanding track record at the most sophisticated levels of the data-driven marketing solutions industry where he has created enormous value for clients, employees and shareholders.” Mr. Zannino continued, “Not only has Mike grown up in the industry, but he knows Infogroup very well having been a member of its board for the past 18 months, most recently as Chairman. Mike will be able to hit the ground running and together with Infogroup’s highly talented management team, harness the full potential of Infogroup’s best-in-class data and multi-channel database marketing capabilities to best serve the needs of Infogroup’s clients.”
Commenting on Ms. Hart’s departure, Mr. Zannino said, “We sincerely appreciate Clare’s tireless efforts over the past 18 months which have enhanced the Company’s very strong financial position and increased our equity value. We wish her all the best in her future endeavors.”
Mr. Iaccarino commented “Since becoming Chairman, I have been extremely impressed with what the team has accomplished in such a short period. I am excited to be working even more closely with this very talented organization as we pursue our mission of becoming the leading marketing and sales solutions provider serving an impressive base of brand-name enterprises and small business clients. We have great clients and a powerful collection of data, brands, platforms and people that I know we can better deploy to create even more value for our clients, employees and shareholders.”
Mr. Iaccarino has been a director of Infogroup since July 2010. In August 2011, he assumed the role of Chairman after becoming an Executive Advisor and Operating Executive at CCMP Capital. From 2009 to 2011, he was President and CEO and a director of Mobile Messenger, one of the largest mobile technology companies in North America. From 2001 through 2009 he was President and CEO of Epsilon after serving as its CFO from 1998 to 2001 where he led a nearly 400% increase in revenues during his tenure. Before Epsilon, Mr. Iaccarino was a Senior Manager at PriceWaterhouseCoopers and the Corporate Controller at Summit Technology after having started his career at KPMG’s High Technology practice. Mr. Iaccarino holds a B.S. in Accounting and English from Boston College where he graduated magna cum laude.
Infogroup helps companies increase sales and customer loyalty through its high-value data and innovative multi-channel digital and offline marketing solutions. Infogroup enables its clients – from local businesses to Fortune 100 companies – to target, connect with and engage their most valuable audiences. With a database of highly relevant and targetable information on more than 220 million individuals and 21 million businesses, Infogroup delivers the complete spectrum of value-added direct marketing solutions to enterprise customers through its Data Licensing, YesMail, Enterprise Data Solutions, Sales Genie Enterprise, List Services and OneSource platforms. The Company also offers its data and marketing solutions to small and medium sized businesses through its SalesGenie and InfoUSA platforms. For more information, please visit www.infogroup.com.