Catalina Marketing Announces Departure of Christopher W. Wolf, Executive Vice President and Chief Financial Officer
November 09 2004 - 3:48PM
PR Newswire (US)
Catalina Marketing Announces Departure of Christopher W. Wolf,
Executive Vice President and Chief Financial Officer ST.
PETERSBURG, Fla., Nov. 9 /PRNewswire-FirstCall/ -- Catalina
Marketing Corporation (NYSE:POS) today announced that Christopher
W. Wolf, executive vice president and chief financial officer, will
be stepping down as CFO and leaving the company as of November 30,
2004. "Chris Wolf's dedication and professional expertise were
critical to the company successfully completing its recent
financial accounting restatements. Chris' work during his
eight-year tenure is very much appreciated, as well as his
commitment to work with the organization through a transition
period. We wish Chris good luck in his future endeavors," said
Frederick W. Beinecke, chairman of the board of directors for
Catalina Marketing. Effective immediately, Catalina Marketing has
appointed Mr. Robert Woltil as interim chief financial officer.
Recently working as a financial consultant, Mr. Woltil brings 30
years of business management experience to the organization, with
24 years focused primarily in finance and accounting. Having served
in roles such as chief executive officer, chief financial officer
and vice president of financial planning and control, Mr. Woltil
has developed extensive knowledge in the areas of financial
management, restructuring, organizational development and process
design. "We are pleased to have Mr. Woltil's services directing the
financial aspects of the company in this transitional period as we
finalize the process of appointing a permanent CFO," said Dick
Buell, chief executive officer. Based in St. Petersburg, FL,
Catalina Marketing Corporation (http://www.catalinamarketing.com/)
was founded 20 years ago based on the premise that targeting
communications based on actual purchase behavior would generate
more effective consumer response. Today, Catalina Marketing
combines unparalleled insight into consumer behavior with dynamic
consumer access. This combination of insight and access provides
marketers with the ability to execute behavior-based marketing
programs, ensuring that the right consumer receives the right
message at exactly the right time. Catalina Marketing offers an
array of behavior-based promotional messaging, loyalty programs and
direct-to-patient information. Personally identifiable data that
may be collected from the company's targeted marketing programs, as
well as its research programs, are never sold or given to any
outside party without the express permission of the consumer.
Certain statements in the preceding paragraphs are forward-looking,
and actual results may differ materially. Statements not based on
historic facts involve risks and uncertainties, including, but not
limited to, the changing market for promotional activities,
especially as it relates to policies and programs of packaged goods
and pharmaceutical manufacturers and retailers, government and
regulatory statutes, rules, regulations and policies, the effect of
economic and competitive conditions and seasonal variations, actual
promotional activities and programs with the company's customers,
the pace of installation of the company's store network, the
success of new services and businesses and the pace of their
implementation, the company's ability to maintain favorable client
relationships, the outcome and impact of an ongoing SEC
investigation into certain of the company's prior fiscal years, and
the outcome and impact of the pending shareholder class action and
derivative lawsuits. DATASOURCE: Catalina Marketing Corporation
CONTACT: Media, Rachel Keener, Corporate Communications Manager,
+1-727-579-5224, or, investors, Joanne Freiberger, Vice President,
Finance, +1-727-579-5116, both of Catalina Marketing Corporation
Web site: http://www.catalinamarketing.com/
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