Applied Graphics Technologies Announces New Chief Executive Officer
December 03 2003 - 12:13PM
PR Newswire (US)
Applied Graphics Technologies Announces New Chief Executive Officer
NEW YORK, Dec. 3 /PRNewswire-FirstCall/ -- Applied Graphics
Technologies, Inc. today announced the appointment of John R.
Harris as Chief Executive Officer of the Company and confirms his
election to the Company's Board. Mr. Harris will report to the
Board and will focus his energies on sales and marketing
initiatives to further the Company's future growth. Additionally,
Mr. Harris will work closely with the Company's Chief Operating
Officer, Joe Vecchiolla, and the regional management teams to
develop and implement a long-term strategic plan for the Company.
Mr. Harris has served on the Board of Directors of AGT since 1996
and has extensive experience in both sales and marketing as well as
general management. From 1973 to 1999, Mr. Harris was with
Electronic Data Systems and served in a variety of senior
leadership positions, including Corporate Vice President of
Marketing and Strategy and President of the EDS Communications
Industry Group. He also brings extensive international business
experience to AGT having spent 10 years in EDS's international
operations. Mr. Harris more recently served as President and Chief
Executive Officer of Delinea Corporation, a provider of software
and services to the utility marketplace. Prior to that, Mr. Harris
was President, Chief Executive Officer and a director of Exolink
Corporation, a provider of retail transaction services to the
deregulated energy industry. Mr. Harris also serves as a director
of Genuity, Inc. and Ventiv Health, Inc. Applied Graphics
Technologies recently completed a recapitalization and
privatization of the Company by affiliates of funds managed by
Kohlberg & Co., LLC in which the Company's outstanding debt was
reduced from more than $240MM to less than $70MM. Applied Graphics
Technologies provides digital media asset management services
across all forms of media, including print, broadcast, and the
Internet and is a leading application service provider for the
on-line management of brands. Applied Graphics Technologies offers
a variety of digital imaging and related services to major
corporations, which include magazine and newspaper publishers,
advertisers and their agencies, entertainment companies,
catalogers, retailers, and consumer goods and packaging companies.
From locations across the United States, the United Kingdom, and
Australia, Applied Graphics Technologies supplies a complete range
of services that are tailored to provide solutions for specific
customer needs, with a focus on improving and standardizing the
management and delivery of visual communications for clients on a
local, national, and international basis. Additionally, Applied
Graphics Technologies provides a wide range of advertising and
marketing-related creative services for customers, primarily in
retailing. Founded in 1987, Kohlberg & Company, L.L.C. is a
leading U.S. private equity firm with offices in New York and
California. The firm has completed more than 30 buyout investments
and over 60 add-on acquisitions, representing value in excess of $4
billion. Kohlberg & Company and its affiliates currently manage
more than $2.5 billion in investment capital. DATASOURCE: Applied
Graphics Technologies, Inc. CONTACT: Joseph D. Vecchiolla,
President and Chief Operating Officer of Applied Graphics
Technologies, Inc., +1-212-716-6730 Web site: http://www.agt.com/
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