ZixCorp CEO Announces Plans to Step Down after 11 Years of Leadership
July 21 2015 - 4:04PM
Business Wire
Will Remain as President and CEO During Search and
Transition
Zix Corporation (ZixCorp), (Nasdaq: ZIXI), a leader in
email data protection, today announced that long-serving President
and Chief Executive Officer (CEO) Rick Spurr has decided to step
down from those roles after 11 years of successful leadership to
pursue personal and charitable interests outside of the company.
The company’s board of directors has engaged a nationally
recognized executive search firm to conduct a search for the new
president and CEO. Mr. Spurr has agreed to assist in the search
process and to remain as president and CEO to ensure a smooth
transition until the employment of his successor. He will continue
to serve as a member of ZixCorp’s board of directors.
ZixCorp’s Board Chairman Bob Hausmann said, “Rick has provided
ZixCorp with over a decade of outstanding leadership, and we are
extremely grateful for his many contributions to the success of the
company. We are appreciative of Rick’s willingness to play an
active role in the transition to his successor, and the board is
committed to recruiting and employing a dynamic and highly
qualified president and CEO to lead the company into the future. We
are hopeful that this transition can be completed within the next
six to nine months.”
Mr. Spurr said, “ZixCorp’s market opportunities, products,
people and strategic partners have never been stronger. It is
against that backdrop, and after personal reflection, that I have
decided the time is right for me to turn a greater focus to my
family and charitable service and step down as president and CEO. I
am tremendously grateful to the board and our exceptional
management team and employees for 11 wonderful years, and I will
remain in my current position to assist in the transition to new
leadership. Until the appointment of my successor, I am fully
committed to delivering outstanding results for our customers,
employees and shareholders.”
Mr. Spurr joined ZixCorp in January 2004 as president and chief
operating officer. In March 2005, Mr. Spurr was promoted to his
current position as chief executive officer, and, in May 2005, he
was elected to the board of directors. Mr. Spurr served as chairman
of the board from February 2006 to December 2014. Mr. Spurr brings
more than 30 years of IT experience in building sales, marketing
and operations departments in corporate environments. Prior to
joining ZixCorp, he served in leadership positions at Securify,
Inc., Entrust, Inc., and SEER Technologies, Inc. Mr. Spurr began
his career with IBM Corporation in 1974, and he finished his tenure
with the company in 1990 after leadership roles as regional manager
and group director in Tokyo.
About Zix Corporation
ZixCorp is a leader in email data protection. ZixCorp offers
industry-leading email encryption, a unique email DLP solution and
an innovative email BYOD solution to meet your company’s data
protection and compliance needs. ZixCorp is trusted by the nation’s
most influential institutions in healthcare, finance and government
for easy to use secure email solutions. ZixCorp is publicly traded
on the Nasdaq Global Market under the symbol ZIXI, and its
headquarters are in Dallas, Texas. For more information, visit
www.zixcorp.com.
Statements in this release that are not purely historical facts
or that necessarily depend upon future events, including statements
regarding Mr. Spurr’s anticipated retirement, the search for a new
President and CEO and the timing of the foregoing, may be
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. All forward-looking
statements are based upon information available to ZixCorp on the
date this release was issued. ZixCorp undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. Any
forward-looking statements involve risks and uncertainties that
could cause actual events or results to differ materially from the
events or results described in the forward-looking statements,
including risks or uncertainties related to Mr. Spurr’s anticipated
retirement, the search for a new President and CEO or the timing of
the foregoing. ZixCorp may not succeed in addressing these and
other risks. Further information regarding factors that could
affect ZixCorp can be found in the risk factors section of
ZixCorp’s most recent annual report on Form 10-K filed with the
Securities and Exchange Commission and in subsequently filed
quarterly reports on Form 10-Q.
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version on businesswire.com: http://www.businesswire.com/news/home/20150721006095/en/
ZixCorpInvestor RelationsTodd Kehrli or Jim Byers,
323-468-2300zixi@mkr-group.com
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