Valassis Appoints Luis A. Ubinas, President of the Ford Foundation,
to its Board of Directors
LIVONIA, Mich., Nov. 26, 2012 /PRNewswire/
-- Valassis (NYSE: VCI), one of the nation's leading
media and marketing services companies, announced today the
appointment of Luis A. Ubinas,
president of the Ford Foundation, to the Valassis Board of
Directors, effective Nov. 26, 2012.
With a distinguished record of leadership in both the profit and
nonprofit sectors, Ubinas brings a strong background in media
including how digital and emerging technologies are transforming
ways we communicate.
In his role at the Ford Foundation, the second largest
philanthropic foundation in the United
States, he helped to more clearly define the foundation's
objectives and streamline its global operations. With over
$10.5 billion in assets and
$500 million in annual giving, the
Foundation operates worldwide and has offices in Asia and Africa as well as Central and South America. Under his direction, he helped
place greater emphasis on demonstrating the impact of the
Foundation's programs.
As president of the Ford Foundation since 2008, Ubinas has built
a program strategy focused on how new technology and social media
can reshape the way nonprofits deliver results for those they
serve. To maximize the resources available to grantees, Ubinas also
led the restructuring of the Foundation's operations and endowment
management.
"Luis brings to our board a wealth of experience in driving
transformational change," said Alan F.
Schultz, Valassis Chairman of the Board. "His board
expertise will help guide our efforts to innovate and enhance the
value we deliver to clients and consumers."
Prior to joining the Ford Foundation, Ubinas was a director at
McKinsey & Company, leading the firm's media practice on the
West Coast. He served technology, telecommunications and media
companies, working with them to develop and implement strategies
and improve operations. While at McKinsey, he led research on the
impact of new technologies on business, and much of his work
focused on the opportunities and challenges represented by the
growth of Internet and wireless technologies. He has spoken
extensively on trends in the communications arena.
Ubinas serves on several nonprofit, government and corporate
boards and advisory committees, including the High Level Task Force
for the International Conference on Population and Development, the
Advisory Committee for the U.S.-China 100,000 Strong Initiative and the boards
of the New York Public Library and the Collegiate School for Boys.
He also serves on the Board of Electronic Arts and on the U.S.
Advisory Committee on Trade Policy and Negotiation.
Ubinas is a graduate of Harvard College, where he was named a
Truman Scholar, and Harvard Business
School, where he graduated with highest honors. He is a
fellow of the American Academy of Arts and Sciences and a member of
the Council on Foreign Relations.
About Valassis
Valassis is one of the nation's leading
media and marketing services companies, offering unparalleled reach
and scale to more than 15,000 advertisers. Its RedPlum® media
portfolio delivers value on a weekly basis to over 100 million
shoppers across a multi-media platform – in-home, in-store and
in-motion. Through its digital offerings, including redplum.com and
save.com, consumers can find compelling national and local deals.
Headquartered in Livonia, Michigan
with approximately 7,000 associates in 28 states and eight
countries, Valassis is widely recognized for its associate and
corporate citizenship programs, including its America's Looking
for Its Missing Children® program. Valassis companies include
Valassis Direct Mail, Inc., Valassis Canada, Promotion Watch,
Valassis Relationship Marketing Systems, LLC, NCH Marketing
Services, Inc. and Brand.net. For more information, visit
www.valassis.com, www.redplum.com and www.save.com. To learn about
advertising opportunities with RedPlum, please call
1-800-437-0479.
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Forward-looking Statements
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"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
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following: price competition from our existing competitors; new
competitors in any of our businesses; a shift in client preferences
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formats including digital; an unforeseen increase in paper or
postal costs; changes which affect the businesses of our clients
and lead to reduced sales promotion spending, including, without
limitation, a decrease of marketing budgets which are generally
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additional indebtedness, may affect our financial health; the
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adverse impact of the ongoing economic downturn on the marketing
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and other risks and uncertainties related to our business are
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obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
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SOURCE Valassis