Another top exec leaves InfoUSA

Article Abstract:

InfoUSA, the database compiler formerly American Business Information, continues to lose some of its top executives, the latest of whom is chief financial officer Steven Purcell. Purcell, who announced his resignation July 31, 1998, is the third top-level officer to depart from the company in a month. The two others are CEO Scott Dahnke, who left Aug. 1, 1998; and chief operating officer Jon Wellman, who resigned July 1, 1998. Despite the departures and management turnovers, Chairman and CEO Vin Gupta states that the moves do not create additional work for him and that he does not intends to hire a new CEO. InfoUSA has recently introduced a new Web site that will allow small businesses to get prospect lists and access to business profiles, directories and research tools.

Executive changes & profiles, Company Personnel

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InfoUSA cuts more jobs amid financial troubles

Article Abstract:

InfoUSA of Omaha, NE, has laid off more personnel from its Database America division bringing to a total of about 250 workers, or roughly 14% of its total workforce. The cost-cutting measures which involves lay offs have began in the summer of 1998 to offset declining stock prices. InfoUSA Chairman and CEO Vin Gupta recently named Gautam Gupta, no relation to CEO Gupta, as temporary chief financial officer while the search for the company's third CFO since July 1998 is underway. The company warned that earnings in the 1998 third quarter will be below expectations due to the poor performance of its business division.

Labor force information

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ABI to change name; second top exec leaves

Article Abstract:

American Business Information (ABI) of Omaha, NE, is slated to undergo a management restructuring effective Aug. 1, 1998. The company also announces its official name change to InfoUSA and stock sticker symbol change to IUSAA and IUSAB. The revamp marks ABI's transition from a purely business compiler into both a business and consumer information provider and data processor. ABI chairman and founder Vin Gupta will regain the title of CEO following the resignation of Scott Dahnke on Aug. 1, 1998. However, the day-to-day operations previously handled by Danke will be shared by four ABI executives.

Organizational history, Organizational nomenclature, American Business Information Inc.

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