Cenveo Appoints New Director
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Cenveo, Inc. (NYSE: CVO) holder of the Cenveo Envelope Group, one of the largest manufacturers of paper envelopes with a global supply base, announced this past week that James Moorhead has joined its board of directors, effective immediately. Moorhead is currently the CMO at Metromile, a leader in pay-per-mile car insurance, where he is responsible for all marketing efforts. Prior to that, he spent three years at Dish Network as SVP, CMO, and served on their executive leadership team. Previously, Moorehead spent 11 years with Proctor & Gamble in senior marketing roles, working with healthcare and grooming brands such as Prilosec OTC, Vicks, Gillette, and Old Spice.
Moorhead will qualify as an independent director under all applicable standards and will participate in standard independent director compensation programs. In addition, he will enter into the company's standard indemnification agreement. Lastly, no arrangement or understanding is reported to exist between Moorhead and any other person pursuant to which he was selected as a director of the Cenveo company. It was also reported that Moorhead will serve on the Audit and Nominating & Governance Committees.
Robert G. Burton, Sr., chairman and CEO, said that "I am pleased to announce the appointment of James as director of the company. James brings a wealth of experience in operating complex businesses and his track record of increasing sales as well as his industry knowledge will benefit Cenveo and our customers tremendously. James brings a unique perspective to the board and I want to personally welcome him to our team."
Cenveo also reported that it has received formal notification from the New York Stock Exchange (NYSE) that the company is back in full compliance under the NYSE's continued listing standards and has been removed from its "Watch List." The reinstatement to full compliance is a result of the company's consistently positive performance and execution of its business plan as submitted to the NYSE and the company's compliance with the NYSE's minimum market capitalization standard.
