Cenveo Announces Appointment of New Director and Full Compliance with NYSE Listing Standards
STAMFORD, Conn. — January 5, 2017 — Cenveo, Inc. (NYSE: CVO) (the “Company”) announced today that James Moorhead has joined its board of directors effective immediately. Moorhead is currently the Chief Marketing Officer at Metromile, a leader in pay-per-mile car insurance, where he is responsible for all marketing efforts. Prior to that, James spent three years at Dish Network as Senior Vice President, Chief Marketing Officer and served on their executive leadership team. Previously, Moorhead spent 11 years with Procter & Gamble in senior marketing roles working with healthcare and grooming brands like Prilosec OTC, Vicks, Gillette and Old Spice.
Moorhead will qualify as an independent director under all applicable standards and will participate in standard independent director compensation programs. In addition, Moorhead will enter into the Company’s standard indemnification agreement. Lastly, no arrangement or understanding exists between Moorhead and any other person pursuant to which he was selected as a director of the Company. Moorhead will serve on the Audit and Nominating & Governance Committees.
Robert G. Burton, Sr., Chairman and Chief Executive Officer, stated: “I am pleased to announce the appointment of James as Director of the Company. James brings a wealth of experience in operating complex businesses and his track record of increasing sales as well as his industry knowledge will benefit Cenveo and our customers tremendously. James brings a unique perspective to the board and I want to personally welcome him to our team.”
Cenveo also reported that it has received formal notification from the New York Stock Exchange ("NYSE") that the Company is back in full compliance under the NYSE's continued listing standards and has been removed from its "Watch List." The reinstatement to full compliance is a result of the Company's consistently positive performance and execution of its business plan as submitted to the NYSE and the Company’s compliance with the NYSE's minimum market capitalization standard.
Cenveo (NYSE: CVO), world headquartered in Stamford, Connecticut, is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, envelopes, commercial print, content management and publisher solutions. The company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With a worldwide distribution platform, we pride ourselves on delivering quality solutions and service every day to our customers.