Scott Klein has been named CEO of Idearc Inc. (NYSE: IAR), a multi-platform provider of advertising solutions. He has been an operating partner with Symphony Technology Group since late last year and, before that, spent four years and president and CEO of Information Resources Inc.
Idearc Inc. (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.