Retailers shift their ad spending from TV, radio and print ads to digital ads.
Executive noted for public company financial expertise.
LITTLE ROCK, Ark., August 20, 2012 — Acxiom® Corporation (Nasdaq: ACXM) today announced that its Board of Directors voted on August 16 to expand its membership from nine to 10 directors and appointed Richard Fox, an acclaimed business consultant and financial expert, to the board. The company also announced that on August 16 its Audit/Finance Committee Chairman, Kevin Twomey, advised the board that he does not plan to seek re-nomination after his current term ends in August 2013.
“Kevin informed the board earlier this year that he was going through a process of considering steps to reduce his future time and travel commitments,” said Jerry Gramaglia, non-executive chairman of the Board of Directors.” We are grateful for his past service and are very pleased that he will continue actively serving on the board for the next twelve months as a member of the Compensation Committee and as chair of the Audit/Finance Committee.”
Fox was appointed to serve in the class of directors whose terms end at the 2013 annual stockholders meeting and was named a member of the board’s Compensation Committee and Audit/Finance Committee. It is anticipated that he will assume the role of Audit/Finance Committee chair when Mr. Twomey’s term ends.
“Rick brings a strong background in public company financial and accounting matters that is complemented by his work with digital marketing companies. We have added another outstanding person to our board,” said Mr. Gramaglia. “His depth and breadth of experience will be of significant benefit to help move Acxiom forward.”
Fox began his career in 1969 with Ernst & Young, specializing in high tech, software and manufacturing clients. He was managing partner of the Seattle office when he left the firm in 1997, after which he served in management positions with PACCAR, Wall Data and, most recently, CyberSafe Corporation, an enterprise security software and software services business where he served as president and chief operating officer.
Fox currently serves on the board of directors of Flow International, a machine tool manufacturer (Nasdaq: FLOW); Univar Inc., an international chemical distributor; and Pendrell Corporation, an intellectual property investment and advisory firm (Nasdaq: PCO). He is also a member of the board of directors of Scottsdale Healthcare and the board of visitors of Fuqua School of Business at Duke University. He was named Public Company Director of the Year by the Seattle-Northwest Chapter of the National Association of Corporate Directors in 2008.
Fox received an MBA from the Fuqua School of Business at Duke University. He holds a BBA from Ohio University and is a certified public accountant in Washington State.
In May, Acxiom announced the appointment of Tim Cadogan, CEO of OpenX Technologies and former Yahoo! executive, and the nomination of John Battelle, founder and executive chairman of Federated Media Publishing, to the board as part of its expansion and innovation in the digital space. At the company’s August 16 annual meeting of shareholders, Battelle and current board members Ann Die Hasselmo and William Henderson were elected to three-year terms.
Acxiom is a recognized leader in marketing services and technology that enable marketers to successfully manage audiences, personalize consumer experiences and create profitable customer relationships. Our superior industry-focused, consultative approach combines consumer data and analytics, databases, data integration and consulting solutions for personalized, multichannel marketing strategies. Acxiom leverages over 40 years of experience in data management to deliver high-performance, highly secure, reliable information management services. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas, USA, and serves clients around the world from locations in the United States, Europe, Asia-Pacific and South America. For more information about Acxiom, visit Acxiom.com.
Acxiom is a registered trademark of Acxiom Corporation.