The leadership of global marketing services firm Harte Hanks is in transition again just four months after its most recent shakeup.
CEO Timothy “Bant” Breen will step down Friday and be replaced by President and Chief Operating Officer Andrew Harrison, who was elevated to his current role in January at the same time Breen was hired as CEO, according to a U.S. Securities and Exchange Commission filing on Wednesday.
The filing dated May 8 said Breen “intends to focus on other interests and professional matters.” The filing also said Breen will provide consulting services to the company through Nov. 10 for $31,666.67 per month.
A Jan. 4 press release from the company announcing the hiring of Breen and promotion of Harrison said the moves were “the culmination of this transitional phase, providing the core leadership team to return Harte Hanks to growth and profitability.” Four months later, it was unclear why Breen was changing jobs so soon. Harrison has been with the company for 20 years.
This is the second major leadership change at the company in less than a year. Former CEO and President Karen Puckett left her role after three years in August 2018 and was replaced by Breen at the start of this year. In addition, former Chief Marketing Officer Frank Grillo and Carlos Alvarado, principal accounting officer, left the company late last summer.
The company, formerly a Texas newspaper company that owned publications across the nation, including the San Antonio Express-News, was founded by Houston Harte and Bernard Hanks nearly 100 years ago. It has struggled with declining revenue. Harte Hanks specializes in direct and digital communications as well as direct mail and call-center operations.
The company has either cut or announced plans to cut more than 1,000 jobs since the end of 2017.
Harte Hanks’ stock price was up $0.14 Wednesday, closing at $3.29 per share.