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| May 4, 2006 01:00 PM EDT |
NEW YORK, May 4 /PRNewswire/ -- The board of directors of Caribe Media, Inc., a Welsh Carson Anderson & Stowe portfolio company, today announced key leadership appointments. Caribe Media, Inc., is the majority owner of Axesa Servicios de Informacion, S. en C, publisher of the official yellow pages directories in Puerto Rico for Puerto Rico Telephone Company and Caribe Servicios de Informacion Dominicana, S.A., publisher of the official yellow pages directories in the Dominican Republic for Verizon Dominicana.
Scott Pomeroy will serve as president and CFO, with overall responsibility for the company's operations and financial performance. Most recently, Pomeroy served as chief financial officer for Dex Media, Inc. the fourth-largest directory company in the U.S. before it was acquired by R.H. Donnelley Corp. on January 31, 2006. During his three year tenure with Dex Media, he was responsible for raising over $7.5 billion in debt financing, approximately $1.5 billion in equity capital through an IPO and follow-on secondary offering and for the successful sale of the business, completed earlier this year. Pomeroy's business and financial leadership was instrumental in driving industry-leading financial and operational performance for the business throughout these transactions.
In his 20-year career, Pomeroy, formerly with KPMG, has also served as chief financial officer for Eotec Capital LLC, JELTEX Holdings and Lewis Foods Group, where he also served as president and chief operating officer.
Marilyn Neal has been appointed chairman of the board of Caribe Media, Inc., responsible for the company's strategic direction. Neal has served in diverse leadership roles in a 30-year career in the directory publishing industry. Most recently, she was chief operating officer for Dex Media, responsible for sales, marketing, operations and customer service functions. Neal also held key leadership positions for Verizon Information Services and GTE, including regional president, senior vice president for International and vice president of Business Development.
"I am excited to participate in this new company," said Marilyn Neal. "I believe Scott Pomeroy's leadership skills will be invaluable to the performance of this company. Our initial focus will be on enhancing the product line, improving customer service and delivering strong financial performance."
About Axesa Servicios de Informacion, S. en C.
Axesa Servicios de Informacion, S. en C. produces over 2 million printed directories in Puerto Rico, including two local regional directories ("Tu Guia Comercial Local Bayamon" and "Tu Guia Comercial Local Carolina"), a mobile directory ("Guia Movil"), a business-to-business directory ("The Business Register"), an "Export and Import Guide", two tourist magazines ("Bienvenidos" and "Places to Go"), two membership directories (Puerto Rico Chamber of Commerce and the Puerto Rico Hotel & Tourism Association), and several directories on CD-ROM. Axesa will also continue to provide information services through Operator Assisted Yellow Pages, "Infovoz 511", and online Yellow Pages, http://www.superpagespr.com/.
About Caribe Servicios de Informacion Dominicana, S.A.
Caribe Servicios de Informacion Dominicana, S.A. is the official provider of phone directories in the Dominican Republic. With over 1.25 million directories printed and eleven different titles it includes two Directories for Santo Domingo - "Directorio Comercial" (Yellow & White Pages) and "Directorio Residencial" (White Pages only) -, three Regional Directories for "Norte", "Sur" and "Este" Regions - (Yellow and White Pages) - , a Business To Business Directory - "The Business Register" -, the Official Tourist guide of The Dominican Republic - "Guia Turistica de La Republica Dominicana" -, two chambers of commerce associations private directories - "Directorio de la Camara Americana de Comercio" and "Camaras de Comercio y Produccion de la Region Norte" -, a Health Services and Products Directory - "Guia de La Salud" - and a mobile directory - "Guia Movil". Caribe Servicios de Informacion Dominicana is the exclusive provider of the Dominican Republic's phone listings Data Base as well as the official provider of the online phone listings through http://www.superpagesdr.com/.
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe ("WCAS") is one of the largest and most successful private equity investment firms in the United States. Since its founding in 1979, it has organized 14 limited partnerships with total capital over $16 billion. It is currently investing Welsh, Carson, Anderson & Stowe X, L.P., a $3.5 billion equity fund, and WCAS Capital Partners IV, L.P., a $1.3 billion dedicated subordinated debt fund.
Caribe Media, Inc.CONTACT: Rick Shaum, +1-719-487-0789, for Caribe Media, Inc.
Web site: http://www.superpagespr.com/
Web site: http://www.superpagesdr.com/
Published May 4, 2006
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