The company also named Micah Bartlett as president of the company and that he would continue as the company’s COO. Meanwhile, John Staudt, who was the company’s interim president has been named as the vice chairman of the company and Nancy Bahre as its senior vice president and CFO. Mr Bartlett has been elected to the company’s board of directors and Mr Staudt will continue to be a member of the group’s board of directors.
David Kirschner, chairman and CEO, said: Earnings in 2007 represented a record for our company and yet were impacted by numerous non-recurring items. Recognizing the significant economic and competitive challenges we are facing in our industry, we made many investments in our future in 2007 and will continue in 2008 as we strive to increase our growth rate and improve our long-term profitability.
