Acxiom execs to resign
Howe: Acxiom will invest in AOS
Acxiom Corp.'s COO and EVP John Adams and Shawn Donovan, EVP for global sales, consulting and U.S. markets, will resign effective Dec. 31, according to the U.S. Securities and Exchange Commission filing. It is unclear why both executives have stepped down.
Adams has been COO and EVP since May 2008. Previously, he served as EVP of business solutions and chief administrative officer of Eclipsys Corp. He also held executive-level positions at Exult Inc. and AT&T.
Adams' responsibilities have been assigned to other Acxiom leaders, according to an Acxiom statement. It is unclear who will assume the responsibilities.
Donovan joined Acxiom in 2008. He previously served as VP of banking and capital markets at Electronic Data Systems, where he spent roughly 20 years. “A search has begun for a permanent replacement for Donovan,” Acxiom said, in the statement. It is unclear when a replacement will be named.
Acxiom named Scott Howe CEO and president on July 27, prior to its fiscal first quarter 2012 earnings call, during which the Little Rock, Ark.-based company reported a 6.9% year-over-year revenue increase to $288.9 million in the period.
Former Acxiom CEO John Meyer and former CFO Christopher Wolf resigned from the company on March 30, one day before the end of its 2011 fiscal year.
Acxiom was the top-ranked marketing services provider in terms of revenue in the Direct Marketing News' 2011 Agency Business Report. Its client roster includes the Chrysler Group, Toyota Motor Sales and Marriott International.
Acxiom declined to provide additional comment.