Inuvo, Inc. Appoints Richard K. Howe as Chief Executive Officer
20 December 2012 - 8:30AM
Marketwired
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
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