ST. PETERSBURG, Fla., Nov. 9 /PRNewswire-FirstCall/ -- Catalina Marketing
Corporation (NYSE: POS) today announced that Christopher W. Wolf, executive
vice president and chief financial officer, will be stepping down as CFO and
leaving the company as of November 30, 2004.
"Chris Wolf's dedication and professional expertise were critical to the
company successfully completing its recent financial accounting restatements.
Chris' work during his eight-year tenure is very much appreciated, as well as
his commitment to work with the organization through a transition period. We
wish Chris good luck in his future endeavors," said Frederick W. Beinecke,
chairman of the board of directors for Catalina Marketing.
Effective immediately, Catalina Marketing has appointed Mr. Robert Woltil
as interim chief financial officer. Recently working as a financial
consultant, Mr. Woltil brings 30 years of business management experience to
the organization, with 24 years focused primarily in finance and accounting.
Having served in roles such as chief executive officer, chief financial
officer and vice president of financial planning and control, Mr. Woltil has
developed extensive knowledge in the areas of financial management,
restructuring, organizational development and process design.
"We are pleased to have Mr. Woltil's services directing the financial
aspects of the company in this transitional period as we finalize the process
of appointing a permanent CFO," said Dick Buell, chief executive officer.
Based in St. Petersburg, FL, Catalina Marketing Corporation
(http://www.catalinamarketing.com) was founded 20 years ago based on the
premise that targeting communications based on actual purchase behavior would
generate more effective consumer response. Today, Catalina Marketing combines
unparalleled insight into consumer behavior with dynamic consumer access. This
combination of insight and access provides marketers with the ability to
execute behavior-based marketing programs, ensuring that the right consumer
receives the right message at exactly the right time. Catalina Marketing
offers an array of behavior-based promotional messaging, loyalty programs and
direct-to-patient information. Personally identifiable data that may be
collected from the company's targeted marketing programs, as well as its
research programs, are never sold or given to any outside party without the
express permission of the consumer.
Certain statements in the preceding paragraphs are forward-looking, and
actual results may differ materially. Statements not based on historic facts
involve risks and uncertainties, including, but not limited to, the changing
market for promotional activities, especially as it relates to policies and
programs of packaged goods and pharmaceutical manufacturers and retailers,
government and regulatory statutes, rules, regulations and policies, the
effect of economic and competitive conditions and seasonal variations, actual
promotional activities and programs with the company's customers, the pace of
installation of the company's store network, the success of new services and
businesses and the pace of their implementation, the company's ability to
maintain favorable client relationships, the outcome and impact of an ongoing
SEC investigation into certain of the company's prior fiscal years, and the
outcome and impact of the pending shareholder class action and derivative
lawsuits.
SOURCE Catalina Marketing Corporation
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Related links:
http://www.catalinamarketing.com
CONTACT:
Media, Rachel Keener, Corporate
Communications Manager, +1-727-579-5224, or, investors, Joanne
Freiberger, Vice President, Finance, +1-727-579-5116, both of
Catalina Marketing Corporation
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