Vistaprint Announces New CFO - Analyst Blog

Vistaprint N.V. (VPRT), one of the leading online providers of professional marketing products and services to micro businesses, recently announced the promotion of Ernst Teunissen to executive vice president and chief financial officer (CFO).

Teunissen will replace current CFO Mike Giannetto and assume his responsibility on March 1, 2011. Mike Giannetto will leave Vistaprint, effective June 30, 2011, for personal reason and will help in the coming months to facilitate a smooth CFO transition.

Giannetto has contributed to the company's growth immensely in his eight years of service with Vistaprint. Under his leadership, the company went public in 2005. Giannetto has served the company in solving complex investment decisions that spurred significant revenue and earnings growth for Vistaprint.

Ernst Teunissen had started his journey at Vistaprint in 2009. Prior to joining Vistaprint, from 2003 to 2009, he founded and led two London-based firms, ThreeStone Ventures Ltd. and Manifold Partners Ltd., in the areas of corporate finance and management consultancy.

Earlier, Teunissen worked as an executive director in Morgan Stanley's (MS) Investment Banking Division in London and as a senior associate director in Deutsche Bank AG's (DB) Investment Banking Division in London and Singapore.

Over this time span, he proved his expertise in the fields of mergers and acquisitions, initial public offerings, debt restructuring, and strategic investments for technology, media and telecommunications companies.

Considering the vast know-how and 20 years of rich experience in corporate strategy and finance, we believe that the able guidance of Teunissen will provide a meaningful support to Vistaprint in the coming quarters.

Vistaprint' primary competitors are Sykes Enterprises Inc. (SYKE), TeleTech Holdings Inc. (TTEC) and American Reprographics Co. (ARP).

 
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