Infogroup today announced the appointment of Michael Iaccarino (age 47) to President and Chief Executive Officer.  Mr. Iaccarino will continue as a member of the Company’s board of directors and succeeds Clare Hart who is leaving Infogroup to pursue new opportunities.

Commenting on Ms. Hart’s departure, Mr. Zannino said, “We sincerely appreciate Clare’s tireless efforts over the past 18 months which have enhanced the Company’s very strong financial position and increased our equity value. We wish her all the best in her future endeavors.” 

Mr. Iaccarino commented “Since becoming Chairman, I have been extremely impressed with what the team has accomplished in such a short period.  I am excited to be working even more closely with this very talented organization as we pursue our mission of becoming the leading marketing and sales solutions provider serving an impressive base of brand-name enterprises and small business clients.  We have great clients and a powerful collection of data, brands, platforms and people that I know we can better deploy to create even more value for our clients, employees and shareholders.” 

Mr. Iaccarino has been a director of Infogroup since July 2010. In August 2011, he assumed the role of Chairman after becoming an Executive Advisor and Operating Executive at CCMP Capital. From 2009 to 2011, he was President and CEO and a director of Mobile Messenger, one of the largest mobile technology companies in North America.

Infogroup had its ups and downs until the company was taken over by CCMP Capital Advisors in a deal valued at $468m from Vin Gupta, its former owner and CEO and it can be assumed cleaning up the company was not an easy task.  Infogroup is not Dow Jones and given the culture of the company it may not been the best place to for Clair Hart to be.  With the private equity shareholders on her heal Clair Hart may have thrown in the towel or may have been pushed.

Infogroup is suing its founder and former CEO Vin Gupta for illegal practices including the alleged theft of its database.  Gupta’s new company,  Database101, is said to have obtained Infogroup’s database from former employees, and to be using it illegally.

In a lawsuit filed in Douglas County District Court, Infogroup says it caught its competitor out using one of the older tricks in the book, inclusion of a made-up company, this one with the giveaway name of Test Order. Database 101, it is alleged, sent this company advertising postcard just days after its inclusion in the list. In addition to making use of the contact list, the suit also says Gupta’s firm made use of its confidential customer database and tempted away more than twenty of its employees, some with confidential information said to have been obtained ‘prior to their departures’. In particular, it alleges that current Database 101 Vice President T.J. Hyman declined to return his laptop on leaving Infogroup, claiming that it had been stolen. 

The lawsuit also highlights comments Gupta made in an interview with the Omaha World-Herald (www.omaha.com ) expressing an interest in eventually buying his old company back. 

About Infogroup
Infogroup helps companies increase sales and customer loyalty through its high-value data and innovative multi-channel digital and offline marketing solutions. Infogroup enables its clients – from local businesses to Fortune 100 companies – to target, connect with and engage their most valuable audiences. With a database of highly relevant and targetable information on more than 220 million individuals and 21 million businesses, Infogroup delivers the complete spectrum of value-added direct marketing solutions to enterprise customers through its Data Licensing, 

Source:  Mrweb.com  and Infogroup