Deluxe CEO to Retire in 2005
December 13 2004 - 8:00AM
PR Newswire (US)
Deluxe CEO to Retire in 2005 ST. PAUL, Minn., Dec. 13
/PRNewswire-FirstCall/ -- Deluxe Corporation (NYSE:DLX), the
nation's leading producer of checks and business forms, today
announced that Lawrence J. Mosner plans to retire in 2005, both as
the Company's chief executive officer and chairman of the board of
directors. Mosner is 62. The board has retained Highland Partners
to assist in the search for a successor. "Larry has done an
excellent job of leading Deluxe through several key transitions,"
said Stephen Nachtsheim, Deluxe's lead independent director and
chairman of the board's governance committee. "As CEO, he
championed operational excellence, employee engagement, and
impeccable corporate governance standards. Larry also played a
crucial role in the spin-off of eFunds as well as the acquisition
of New England Business Service (NEBS) last summer. The board has
greatly valued his leadership. "As a result of the succession
planning process that Deluxe uses, there are a number of internal
candidates for the CEO position," Nachtsheim said. "The board has
also engaged a search firm to broaden the candidate pool and ensure
that we select the best person to succeed Larry. The new CEO will
be critical in helping us maintain our leadership positions in the
markets we serve and continue our growth into new markets. The
board is pleased that Larry has agreed to stay on until the right
individual is selected and also to be available, as needed, to
ensure a smooth transition." Mosner has held a number of key
leadership positions since joining Deluxe in 1995. He assumed his
current role of chairman and CEO in 2000 following the spin-off of
eFunds Corporation, and is only the seventh CEO in Deluxe's nearly
90-year history. Before joining Deluxe, Mosner was executive vice
president and chief operating officer at Hanover Direct, a catalog
company, and prior to that spent more than 28 years with Sears,
Roebuck and Company. About Deluxe Deluxe Corporation, through its
industry-leading businesses and brands, helps financial
institutions and small businesses better manage, promote, and grow
their businesses. The Company uses direct marketing, distributors,
and a North American sales force to provide a wide range of
customized products and services: personalized printed items
(checks, forms, business cards, stationery, greeting cards, labels,
and shipping/packaging supplies), promotional products and
merchandising materials, fraud prevention services, and customer
retention programs. The Company also sells personalized checks and
accessories directly to consumers. For more information about
Deluxe, visit http://www.deluxe.com/ . About Highland Partners
Highland Partners (NASDAQ:HHGP) is a leading executive search firm
headquartered in Chicago, Ill. The company also consults in the
areas of human capital needs, succession planning, compensation
assessment, recruitment strategies, and competitive analyses; and
is part of Hudson Highland Group, one of the world's leading
staffing and human capital solutions providers. DATASOURCE: Deluxe
Corporation CONTACT: Stuart Alexander, Vice President, Investor
Relations, +1-651-483-7358, or Douglas J. Treff, Senior Vice
President, Chief Financial Officer, +1-651-787-1587, both of Deluxe
Corporation Web site: http://www.deluxe.com/
Copyright
Hudson Highland (NASDAQ:HHGP)
Historical Stock Chart
From May 2024 to Jun 2024
Hudson Highland (NASDAQ:HHGP)
Historical Stock Chart
From Jun 2023 to Jun 2024