FFI Announces New Chief Executive Officer
January 18 2010 - 6:00AM
PR Newswire (US)
INDIANAPOLIS, Jan. 18 /PRNewswire-FirstCall/ -- Fortune Industries,
Inc. (NYSE Amex: FFI) announced today that Tena Mayberry has been
named Chief Executive Officer of the Company, effective today.
Mayberry succeeds John Fisbeck, who has served as the Company's
Chief Executive Officer since June 2005. Mayberry will continue to
serve as President of the Company, a position she has held since
April 2009. "Tena is a proven top executive and one of the most
knowledgeable senior managers in the PEO industry," stated John
Fisbeck. "She has demonstrated her leadership skills as the head of
Fortune's PEO subsidiaries for the past two years, and was
officially named President of the Company shortly after the sale of
Fortune's non-PEO entities in November 2008. Under her direction,
the Company has been profitable during the last year, despite this
difficult economic environment. She has the vision to position
Fortune to be a dominant company in the U.S. over the next decade.
She is an inspirational leader with boundless energy, and will lead
Fortune as it continues to expand nationally." "The Board thanks
John for his service as CEO and the important contributions he has
made to Fortune's success over the last 5 years. His commitment to
work with Tena will ensure a smooth transition for the Company and
the employees," stated Carter Fortune, Chairman of the Board.
Mayberry brings more than 20 years of management experience to her
CEO position. For the last year, she has served a dual role as
President of Fortune Industries, Inc. and President of Century II,
Inc., a wholly-owned subsidiary of Fortune Industries, Inc. She
became President of Century II in 2007 after serving four years as
Chief Operating Officer, two years as Senior Vice President and
four years as Vice President. Prior to joining Century II, Mayberry
served in management positions with Contract Sales Managers, Kroger
Co. and Norrell Temporary Services. Ms. Mayberry holds a B.S. in
marketing and business management from Tennessee Technological
University. About Fortune Industries, Inc. Fortune Industries, Inc.
is a professional employer organization (PEO) to small and
medium-sized businesses in 47 states, providing human resource
management & consulting, training & compliance, risk
management, and benefits administration. Fortune Industries, Inc.
is based in Indianapolis, Indiana and is publicly traded on the
NYSE Amex exchange under the symbol FFI. Additional information
about Fortune Industries, Inc. can be found at http://www.ffi.net/.
This press release and other statements by Fortune Industries, Inc.
may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are typically identified by words or phrases such as
"believe," "expect," "estimate," "potential," or future/conditional
verbs such as "will," "should," and "could" or the negative of
those terms or other variations of them or by comparable
terminology. The absence of such terms, however, does not mean that
the statement is not forward-looking. Any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties that could cause actual results to differ
materially. Factors that might cause or contribute to such
differences, include, but are not limited to, the risks and
uncertainties that are discussed under the heading "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations" within the Company's Form 10-K for the
year ended June 30, 2009. The Company undertakes no obligation to
publicly update or revise any forward- looking statements, whether
as a result of new information, future events or otherwise. Readers
should carefully review the risk factors disclosed within the
Company's Form 10-K and other documents filed by the Company with
the Securities and Exchange Commission. DATASOURCE: Fortune
Industries, Inc. CONTACT: Carrie Hill, General Counsel of Fortune
Industries, Inc., +1-317-532-1374 Web Site: http://www.ffi.net/
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