Greg Carr, Chairman, Prodigy Inc.
Subj: Prodigy Inc. Creates Three Distinct Operating Divisions
Date: 97-09-24 13:26:04 EDT
From: AOL News
BCC: Pat Noble
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Sept. 24, 1997--
Company Splits Prodigy Internet and Prodigy International Into Individual
Units and Creates Prodigy Solutions, a Software Development and Hosting
Company
Russ Pillar Named President/CEO, Prodigy Internet
Inder S. Gopal Named President/GM, Prodigy Solutions
Paul Tucker Named President/GM, Prodigy International
Paul DeLacey Named Strategic Advisor to the Chairman
Prodigy Inc. today announced it has restructured the company into
three distinct operating divisions in response to its continuing global
expansion efforts, domestic ISP activities, and its foray into the software
development and licensing businesses, it was announced today by Greg Carr,
Chairman, Prodigy Inc.
The new Prodigy Inc. organization creates the Prodigy Internet and
Prodigy Solutions divisions, as well as the Prodigy International division,
each with its own General Manager and discrete operations.
In making the announcement, Carr said: "In the 15 months since we
acquired the Prodigy business, we have seen our businesses change as
evidenced by our expansion into China, our launch and subsequent growth of
our domestic SuperISP service, and our creation and initial marketing of
software technologies to major global companies. This growth has helped us
to realize that we must better focus on these business opportunities and
create an environment where each can thrive on a more autonomous basis."
He added: "The appointments of Messrs. Pillar, Gopal and Tucker
will enable us to achieve the goals we envision and create a stronger overall
company positioned for success." . . .
Carr noted, "When we acquired the company in June, 1996, we
believed it vital to respond to the tremendous changes occurring in the
online industries and we needed to dramatically rethink our
business. Our strategy was to focus on three key goals: restructure the
company; find a solution to our network business; and, launch an
Internet-based product, Prodigy Internet. In just 15 months, Paul succeeded
in all of those efforts and is responsible for the company being positioned
on the road to success. We are grateful for his leadership and management
efforts and I look forward to his ongoing
role."
Reporting to Carr for Prodigy Inc. are Barry Kluger, Senior Vice
President, Communications and Marc Jacobson, Vice President and General
Counsel.
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CONTACT:
Prodigy Inc.
Mike Darcy, 914/448-8846
darcy(a)prodigy.net
Carol Wallace, 914/448-2496
wallace(a)prodigy.net
Barry Kluger, 914/448-8700
kluger(a)prodigy.net