MATTHEWS, N.C., July 7 /PRNewswire/ -- The Board of Directors of PCA
International, Inc. today announced that John Grosso will resign as President
and Chief Executive Officer of the Company effective August 1, 1999. Mr.
Grosso will continue to serve as Chairman of the Board for a transitional
period. To ensure an orderly transition of operating responsibilities, Mr.
Grosso informed the Board of Directors several months ago of his decision to
pursue other personal objectives.
Since joining PCA in January 1987, Mr. Grosso has been credited with
orchestrating the Company's many successes including PCA's turnaround in the
late 1980's, the 1997 acquisition of American Studios, and last year's merger
with Jupiter Partners.
"This is an ideal time for me to leave as PCA is well positioned for
continued growth given our Company's exceptional management team, thousands of
loyal and dedicated employees, and strong market position in the retail
portrait industry," stated Mr. Grosso.
SOURCE PCA International, Inc.
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CONTACT:
Jean Veatch of PCA International, Inc.,
704-847-8011
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