Network Communications, Inc. (NCI) announced recently that it has named Fulton Collins as Interim CEO and Gerry Parker as President in a management restructuring following Dan McCarthy’s decision to step down as CEO after nine years. McCarthy will continue to serve on the Board of Directors of NCI.
“I have had the great fortune to work with remarkable people as we transformed NCI from a local real estate publishing company into a diversified media company with strong positions in vertical search, social media marketing and housing,” McCarthy says. “I am confident that the company will prosper in the future and am proud to have helped the current owners create a capital structure and a strategic plan that will make that growth possible.”
The Board gave CFO Gerry Parker the additional title of President, responsible for day-to-day management of the company, Collins says. Parker has been Chief Financial Officer since 2002.
Collins also announced that the NCI Board of Directors will retain an independent search firm to assist in identifying a permanent CEO.
“While the Board believes in the strength and ability of current management, it also believes that the search for new leadership should be managed in a prudent and systematic fashion,” Collins says. “The search firm will be directed to consider internal and external candidates for the position.”
For more information, visit www.nci.com.
