Incentive - February 2009 - (Page 12) HEADLINES Maritz Reorganizes Steve Maritz to focus on strategic growth, customers BY LEO JAKOBSON teve Maritz has stepped back from running the daily operations of Maritz Inc., the St. Louis–based sales and marketing services company that bears his name, and has announced a restructuring of the Maritz Inc. corporate organization. The core Maritz Inc. businesses—incentives and recognition, meetings and events, loyal- S ty, research and marketing—are now housed in a new limited liability company, Maritz LLC. Over that, the company has established Maritz Holdings, which consists of Maritz LLC, Maritz’s international businesses, and its joint ventures and investments, such as American Express Incentive Services. Steve Maritz will direct Maritz Holdings and conopportunities of tinue to act as the company. It chairman and gives him time to CEO of Maritz go meet with our Inc. But day-to-day customers, which management of the he loves to do, core Maritz busiand explore with nesses has passed to them what those Chairman & CEO Steve Maritz Dennis Hummel, who needs may be has become president and COO that we don’t, in our core busiafter spending the last seven years ness, focus on servicing, and how as the company’s Chief we might be able to add some of Sales Officer. those services to the core offer“I look at the building ings we have vis-à-vis this holding every day and his name’s company initiative.” still on it, and that isn’t Hummel adds that the comgoing to change,” says pany has the opportunity to grow Hummel. “My job is its core business organically as sometimes to provide well as expand that business ©2008 Tumi, Inc. “We really have an opportunity to grow.” —Dennis Hummel, president and COO, Maritz counsel and additional thought, and sometimes it’s to go execute what he wants us to get done. What he has articulated to me for this role is that he wants me to run the dayto-day business, and that is what I will do.” Steve Maritz, Hummel says, “continues to keep his eye on the long-term and the long-range growth through partnerships or acquisitions. “As you know there was a time, based on shareholder differences, that we didn’t have the luxury of growing on an inorganic basis until we resolved them,” he says. “Those were resolved three years ago, and now we really have an opportunity to grow both organically and inorganically, and I think this is the way Steve has decided he wants to do that.” www.tumispecialmarkets.com 800.669.3181 12 | Incentive | February 2009 | incentivemag.com http://www.tumispecialmarkets.com http://www.incentivemag.com
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