There will soon be a new moniker on the CEO nameplate at Harte-Hanks (OTC:HRTH). The company has picked Robert Philpott to replace outgoing Chief Executive Larry Franklin, who will retire on June 30. Philpott, who was selected following a global search led by a board of directors committee, will also assume Franklin's role as president of the company.
According to an SEC filing the company made simultaneous to the announcement, Philpott is to be paid a base annual salary of $700,000. He will also be eligible for a series of incentive-based bonuses.
Before his accession, Philpott served on the board of U.K.-based media and marketing concern Aegis Group. Before that, he was CEO of international market research company Synovate.
Franklin, the man he replaces, has worked at Harte-Hanks since 1971. He initially served as CEO from 1991 to 2002 and was again appointed to the position in 2009. In addition to his president and CEO titles, Franklin is also the company's current board chairman; upon his retirement he will be replaced in that capacity by fellow board member Christopher Harte.