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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/