The Board of Directors authorized a new $300 million share repurchase program to be effective at the conclusion of the previous authorization. As of March 31, 2016, approximately 688 thousand shares remained to be repurchased under the previous share repurchase authorization. “We continue to make tremendous progress as we transform Deluxe into a marketing solutions and other services provider. Dividends and common stock repurchases remain an important part of our strategy and are an effective way for us to return capital to shareholders,” said Lee Schram, CEO of Deluxe. “The new repurchase authorization is further evidence of the confidence we have in our ability grow our profitability and cash flow.”
Arandell Corp. has announced the appointment of Mark Heimerl as senior vice president of sales and marketing.
In his role, Heimerl will be responsible for developing, implementing and executing Arandell’s sales growth strategies, its product and service offerings, as well as assisting in the evaluation of new business opportunities. Heimerl is a highly accomplished, results-oriented executive with more than 25 years of sales and marketing experience. He will bring to Arandell a wealth of knowledge in strategic planning, sales and leadership excellence.
“I am pleased to welcome Mark to the Arandell leadership team. Mark has an exceptional background and reputation as a sales and marketing leader with the proven ability to grow, innovate and enhance our sales and marketing initiatives, and our operations as a whole,” said Brad Hoffman, president and CEO of Arandell Corp. “Mark is a strategic sales leader with a proven track record of successfully building customer-focused sales, services and marketing operations. I am confident that his passion and abilities will help move Arandell to the next level.”
“It is exciting to be part of a company that has such strong history and reputation in the industry, and that also understands the critical nature of leading through innovation,” said Heimerl. “I am thrilled to be joining Arandell at a time when it is positioned for such growth and future success.”