Vistaprint Announces New Organizational Structure, Reports Double-Digit Growth
VENLO, NETHERLANDS—Oct. 28, 2010—Vistaprint N.V. announced a new organizational structure with the creation of the roles of Chief Customer Officer and Chief Operating Officer, the promotion of two senior executives who will lead the North American and European business units, and a broad series of promotions, organizational changes and reporting structure evolutions in the company’s marketing, manufacturing and technology organizations. The new structure is designed to help Vistaprint increase its focus on customers and to act as an organizational foundation on which Vistaprint can extend its established history of strong growth.
In its first-quarter 2011 financials, the company reported revenue grew to $170.5 million, an 18 percent increase over revenue of $145.1 million reported in the same quarter a year ago. Operating income in the first quarter was $12.3 million, or 7.2 percent of revenue, and reflected a 14 percent decrease compared to $14.4 million, or 9.9 percent of revenue in the same quarter a year ago.
A summary of the most senior changes is as follows:
• Janet Holian, a 10-year veteran of the company and current president of the European business unit, will assume the role of Chief Customer Officer, reporting to CEO Robert Keane. In this role, Holian will have worldwide responsibility for driving customer focus and for the training and development of marketing teams.
• Wendy Cebula, also a 10-year veteran of the company and current president of the North American business unit, will assume the role of Chief Operating Officer, reporting to Keane. In this role, Cebula will oversee the European and North American business units as well as global groups that have responsibility for cross-business-unit aspects of marketing, manufacturing and technology development.
• Trynka Shineman, who joined the company in 2004 and is currently chief marketing officer of Vistaprint North America, will become president of the North American business unit reporting to Cebula.