Encyclopædia Britannica Announces Appointment Of Don Yannias As Chief Executive Officer
CHICAGO, March 04, 1997 -- Encyclopædia Britannica, Inc. today announced the appointment of Don Yannias as chief executive officer of the company.
Yannias, who has been a director of the company since January 1996, has been overseeing the restructuring of the company during its transition from a traditional publisher of printed encyclopedias to a marketer of a wider range of information products.
Yannias, 38, is founder of Chicago-based Boker Investment Management Inc. and a director of several privately-held companies. He serves on the board of the Chicago chapter of The Starlight Foundation, a charity benefiting children.
Commenting on the appointment, J. E. Safra, chairman, said, "Having worked with Don for more than a decade, I have profound respect for his acumen and the energy he devotes to any challenge. He has played a key part in Britannica's successful transition to a more customer focused organization. Equally important, he shares the passion for what Britannica stands for and what it can become."
Yannias said, "I am fortunate to be surrounded by remarkable resources. We have our powerful brand. People trust Encyclopaedia Britannica. It represents accuracy, depth, and quality. And we have industry-leading technology. Britannica was first to develop a multimedia CD-ROM encyclopedia and the first to go on-line. Most important, we have talented people who are making the most of our competitive strengths as we expand the scope of the traditional encyclopedia while continuing our heritage of providing comprehensive and authoritative information in useful forms."
Yannias, who has an MBA from The Ohio State University, lives in Chicago. J. E. Safra is a Switzerland-based investor with no financial ties to banker Edmond J. Safra.
Encyclopædia Britannica, Inc. publishes the most authoritative and comprehensive encyclopedia in the English language in three forms: Britannica CD(on CD-ROM); Britannica Online®(on the Internet); and the famous 32-volume Encyclopædia Britannica®; and the 12-volume Ready Reference. The company also offers eBLAST, a free Web navigation service featuring sites selected and described by Britannica editors.