Infogroup CEO replaced
Infogroup president and CEO Clare Hart has been replaced by Michael Iaccarino. Hart, who joined Infogroup in July 2010, is leaving the company to pursue new opportunities, Infogroup said in a Dec. 15 statement.
Iaccarino most recently served as Infogroup chairman. Prior to joining Infogroup, he served as president and CEO of Mobile Messenger from 2009 until earlier this year and at Epsilon from 2001 to 2009.
“He has amazingly deep expertise and an outstanding track record at the most sophisticated levels of the data-driven marketing solutions industry,” said Richard Zannino, Infogroup's lead director and a managing director at CCMP Capital, Infogroup's parent company.
Hart was named Infogroup president and CEO in July 2010 after the company was sold to CCMP Capital. Prior to Infogroup, she was the EVP of Dow Jones and Company and president of Dow Jones Enterprise Media Group. She also served as president and CEO of Factiva, a Dow Jones property.
Infogroup's CMO, Slade Kobran, also left the company, Infogroup said on Dec. 14. Kobran's departure was the result of an Infogroup business unit reorganization.
“At Infogroup, we reorganized the business in September into four business units and six lines of business focused on client segments," according to the Dec. 14 statement. “In light of the reorganization around customer segments, our focus is on responding rapidly to the requirements of these customers. As a result, we now have senior marketing executives in each business unit and do not, therefore, need a CMO for the company.”
Infogroup filed a lawsuit in November against the company's founder, Vinod Gupta, for allegedly stealing confidential Infogroup information and using it to develop his new company Database101.com.
In July, Infogroup sold its research branch, ORC, to Chicago-based private equity firm Lake Capital Management. About 400 full-time Infogroup employees, or approximately 15% of the company's full-time workforce, were moved to Lake Capital Management as part of the transaction. One week prior to the sale of ORC, Infogroup began a round of layoffs that reportedly cut 140 jobs.