Our Town Hall Meeting

Last week, Friday at 4:15, all of us at CFM received an e-mail requesting our attendance at a "Town

Peter Esposito

Hall Meeting" scheduled for today at 3:00. That, combined with a notice to clean our offices because "visitors" would be with us today and tomorrow, bred some concern about what would be announced at this required meeting.
As it turns out, it was nothing too dramatic. Peter Esposito explained that he is now Group President for New Mountain Learning, a combination of three textbook and education publishing enterprises in Minnesota with the two CFM Publishing companies located in Cincinnati, Standard Publishing and RCL/Benziger. The combination will create greater synergies of shared technologies as well as other benefits. Wicks, the private equity group that bought Standard Publishing in 2006, still owns us as well as the Minnesota concerns.
With Peter's expanded responsibility, he has named two Vice-presidents and General Managers, Jeff Seng for RCL/Benziger and Matt Lockhart for Standard Publishing. The new title will add marketing to Matt's current responsibilities for product development at Standard. I think he'll do a great job!