Mike DuBose, CEO of online advertising and marketing services company Vertis Communications, will resign from that position effective January first, the company has announced. Stephen Dyott has been named vice chairman and Alex Sorokin interim president of the company.
Dyott previously was chairman and CEO of American Color Graphics, which recently merged with Vertis. DuBose had been recruited by Vertis in 2006 to lead a turnaround effort, which resulted in the merger of Vertis with American Color Graphics.
“On behalf of the board, I would like to thank Mike DuBose for his contributions to the company,” says Mike Elkins, a member of the Vertis board of directors. He notes that DuBose was instrumental in the financial restructuring and successful merger of the company. “With that phase now effectively completed, we understand that Mike is looking forward to new challenges,” he adds.
Elkins adds that Dyott and Sorokin, will both work closely with Vertis senior management. Dyott will be a senior advisor to the board and to Sorokin, an executive with more than 25 years of experience, who is a managing director of the management firm Zolfo Cooper.
Vertis has retained executive search firm Heidrick & Struggles to assist in the search for a permanent CEO.
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