Consensus Cloud Solutions, Inc. Announces Management Changes
October 08, 2021 at 12:21 pm
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On October 7, 2021, Consensus Cloud Solutions, Inc. entered into a Separation and Distribution Agreement with Ziff Davis, Inc., pursuant to which Ziff Davis agreed to transfer its Cloud Fax business to the Company and distribute approximately 80.1% of the outstanding shares of common stock of the Company to Ziff Davis shareholders in a tax-free distribution. In connection with the Separation, each of Jeremy Rossen and Vithya Aubee resigned as directors of the company’s board of directors, effective October 7, 2021. Jeremy Rossen also resigned as President of the Company, effective October 7, 2021. Effective October 7, 2021, the Board appointed the following four directors (in addition to Scott Turicchi and Stephen Ross, each of whom continues to serve as a director of the Company): Douglas Bech, Elaine Healy, Nate Simmons and Pamela Sutton-Wallace. In connection with their joining the Board, in addition to Mr. Ross who has already been appointed as a member of the Audit Committee, the directors have been appointed to the Audit, Compensation and Environmental, Social and Corporate Governance (“ESG”) Committees of the Board (the “Committees”). The current composition of the Committees is as follows: the Audit Committee consists of Mses. Healy and Sutton-Wallace and Mr.Ross, with Ms.Healy serving as the chair of the Audit Committee; the Compensation Committee consists of Messrs. Ross and Bech and Ms.Healy, with Mr.Ross serving as chair of the Compensation Committee; and the ESG Committee consists of Mses. Sutton-Wallace and Healy and Messrs. Bech and Simmons, with Ms.Sutton-Wallace serving as chair of the ESG Committee. Effective October 7, 2021, the individuals listed below have been confirmed and/or appointed, to serve in the following positions: John Nebergall, Chief Operating Officer. Steve Emberland, Controller. Mr. Emberland, age 53, recently joined as Vice President, Controller and Principal Accounting Officer overseeing accounting, SEC reporting, payroll and treasury. Prior to joining Consensus, Mr. Emberland was an executive and the Vice President of Finance & Administration at SoundHound Inc.
Consensus Cloud Solutions, Inc. is a digital fax provider. The Company provides secure information delivery services with a scalable software-as-a-service platform. It provides data transformation solutions for regulated industries such as healthcare, finance, insurance, real estate and manufacturing, as well as technology for state and the federal government. Its solutions consist of cloud faxing; digital signature; intelligent data extraction using natural language processing and artificial intelligence; robotic process automation; interoperability; workflow enhancement, and a connectivity and integration engine for healthcare providers. The Company's solutions can be combined with managed services for optimal outcomes. Its small office/home office (SoHo) brands include eFax, jSign, MyFax, Sfax, Metrofax, and SRfax. Its solutions include eFax Corporate, ECFax, Unite, jSign, Conductor, Clarity and eFax. Conductor is a robust interface engine and complete interoperability platform.