RISMEDIA, January 21, 2010—NCI, one of the leading publishers of local real estate information online and in print, announced that its top two executives will continue in their leadership roles for the next five years. Chairman and CEO Dan McCarthy and CFO Gerry Parker have signed new five-year employment contracts.
In making the announcement, Ian D. Highet, managing partner at Court Square Capital Partners, NCI’s largest shareholder stated, “Dan and Gerry have done a remarkable job navigating a challenging set of circumstances affecting the housing market, traditional media companies and the economy as a whole. Despite a significant decline in revenue, Dan and Gerry have led the entire NCI team in maintaining strong operating margins, optimizing cash generation and invigorating the company with a parallel focus on strengthening its core brands while developing exciting new growth opportunities. Court Square Capital is pleased to endorse their strategy by supporting Dan and Gerry with new five-year employment agreements.”
McCarthy states, “Gerry Parker has been my trusted partner in leading NCI over the years, and we are very fortunate to have a dedicated team of top managers, employees and business partners. We are relentlessly focused on helping our customers generate business leads and improve their business relationships by leveraging our unparalleled media platform and our expertise in the application of social media marketing. The conditions have been tough, but if we are steadfast in our commitment to continually deliver on our promises to our customers and to continually improve through innovation, we’ll be successful in creating value for all stakeholders at NCI.”
Parker references one of the key areas the company has excelled recently. “Over the past year, we have worked hard to remain competitive and help our customers improve their visibility on the Google Web, increase their Web traffic, enhance retention, and turbo-charge their marketing programs. It’s a natural extension of the services we provide, and our social media marketing services are being very well received in the marketplace. We will continue to expand these programs to be extremely competitive and drive growth in short-term, and stay focused on our core business to remain profitable for the long-term.”
In the past year alone, some crucial and innovative company highlights under McCarthy and Parker include: the lLaunch of the DigitalSherpa social media marketing service; redesign of ApartmentFinder.com and TheRealEstateBook.com; cutting-edge implementation of social media distribution; introduction of mobile apps and increase of more than 100% in Web traffic.
For more information, visit www.nci.com.
