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Inuvo, Inc. Appoints Richard K. Howe as Chief Executive Officer
NEW YORK, NY, Dec 19, 2012 (MARKETWIRE via COMTEX) --
Inuvo, Inc. (NYSE MKT: INUV) (the "Company" or "Inuvo"), an Internet
Company that develops and markets browser based consumer applications
and manages networks of websites, today announced that its Board of
Directors has named Richard K. Howe as Chief Executive Officer
effective immediately. Mr. Howe will remain as the Company's Chairman
of the Board. Mr. Howe succeeds Peter Corrao who is departing the
Company to pursue other interests. Mr. Corrao has resigned as a
director of Inuvo and has agreed to consult and advise the Company on
business and strategic matters.
"I want to thank Peter for his service and dedication to Inuvo," said
Mr. Howe. "His experience and leadership guided the successful
integration of our companies following the merger in March."
Commenting on the transition, Mr. Corrao said, "After building the
ALOT business into a leading browser based consumer application and
successfully integrating the operations of Vertro and Inuvo, I am
pleased to see Rich assume the role of CEO. I believe he has the
right experience, skill set and vision to take Inuvo to the next
level."
Mr. Howe has been a member of the Company's Board of Directors since
November 2008, and has served as Executive Chairman of the Board of
Directors since March 2012. He served as the Company's President and
Chief Executive Officer from November 2008 until March 2012. Prior to
joining the Company, Mr. Howe served as Chief Marketing and M&A
Officer at the Axciom Corporation (NASDAQ: ACXM), a multi-channel
marketing, technology, data and services provider, which he joined in
2004. From 2001 to 2004, he served as general manager of Global
Marketing Services at Fair Isaac & Company (NYSE: FICO), a leading
provider of risk management software and analytics products and
services. Between 1999 and 2001, Mr. Howe started, grew and sold
private Internet search innovator, ieWild. Mr. Howe has over his
career led the acquisition, merger or divestiture of numerous
companies on three continents. Mr. Howe has both undergraduate and
graduate degrees in engineering having studied at Concordia and
McGill University, Canada.
About Inuvo, Inc.
Inuvo, Inc. (NYSE MKT: INUV) is an Internet Company that develops and
markets browser based consumer applications and manages networks of
websites. To learn more about Inuvo, please visit www.inuvo.com.
Contact:
Alliance Advisors, LLC
Alan Sheinwald
914-669-0222
President
Email Contact
Inuvo, Inc.
Wally Ruiz
212-231-2000 Ext. 160
Chief Financial Officer
Email Contact
SOURCE: Inuvo, Inc.
http://www2.marketwire.com/mw/emailprcntct id=64D8BF27CB4D179D
http://www2.marketwire.com/mw/emailprcntct id=252CEA2F98D85618
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