Workflow Management Ousts CEO
PALM BEACH, FL—Gary W. Ampulski, president and CEO of Workflow Management, has been fired and replaced by Chairman Gerald Mahoney, who will act as interim CEO.
Workflow Management suspended Ampulski initially in early February, pending an investigation of allegations that he violated company policies and board directives. Ampulski, who joined the company in March of 2003, resigned as a member of the company's board of directors later that same month.
Workflow Management planned a stockholder meeting for late March, at which time it was expected to approve a merger agreement with WF Holdings. The deal would see WF Holdings acquire Workflow Management for $4.87 per share in cash.