Infogroup amends CEO contract amid sale speculation

Share this article:

Database giant Infogroup amended company CEO Bill Fairfield's employment agreement on December 24, according to a Securities and Exchange Commission filing dated December 30. Under the new terms, Fairfield's agreement will renew on a quarterly basis.

It could be another signal that the company is drawing closer to a sale, but Infogroup declined to comment. One industry expert said that while this “does not make the sale any more imminent than it was last quarter,” it does make sense that a company in line for sale would want to “structure executive contracts so as not to burden a new buyer with a large potential expense if they wanted to make a change or just put an exec back on the board.”

The data company retained Evercore Partners in December 2008 to help evaluate a possible sale. D&B and Carlyle have been rumored as potential buyers. At least 33 potential bidders have expressed interest in the firm to its financial advisor, according to reports.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Epicor to Acquire Analytics Provider QuantiSense

Epicor to Acquire Analytics Provider QuantiSense

Retail solutions provider seeks to up its data analytics game for large and midsized retailers.

One Third of Companies Fail to Measure Data Quality ROI

One Third of Companies Fail to Measure Data ...

Twenty percent of companies assume their data quality tools pay off, while another 10% doesn't monitor ROI at all.

Ensighten and Anametrix Unite in an Open Relationship

Ensighten and Anametrix Unite in an Open Relationship

Ensighten's purchase of the analytics company is about giving ultimate ownership of data to marketers, says CEO Josh Manion.