Business News
Valassis CFO Robert L. Recchia Named to the Central State University Foundation Board of Trustees
Tuesday 14. October 2008 - Valassis (NYSE:VCI), one of the nation's leading media and marketing services companies, announced today that Robert L. Recchia, Valassis Executive Vice President and Chief Financial Officer (CFO), has been named to the Central State University (CSU) 11-member Foundation Board of Trustees. CSU, located in Wilberforce, Ohio, is one of the nation's oldest historically black universities with a 120-year legacy of academic and athletic achievements. The CSU Foundation manages the endowment of the university and has holdings that exceed $28 million.
“I am honored to have this opportunity to work with the business, community and university leaders of Central State’s Foundation,” said Robert L. Recchia, Valassis Executive Vice President and CFO. “Together, we can further advance this historic and diverse university by supporting existing programs, helping students and contributing to the university’s growth in meaningful ways. Just as Marcella Sampson, CSU’s retired Dean of Students and Director of Career Services, has lent her expertise to the Valassis Board of Directors, I look forward to making a contribution to CSU’s Foundation.”
“In these turbulent financial times it is comforting to have someone elected to the Board who has proven skills in financial management,” said Vernon Ford, President of the CSU Alumni Association. “Bob will be a welcomed addition to the CSU Foundation Board of Trustees.”
Since joining Valassis in 1982, Recchia has held a number of key positions at the company, including treasurer and vice president of operations, and has contributed greatly to the company’s financial and operational development. Recchia also has been a member of Valassis’ Board of Directors since 1991. His responsibilities in the areas of accounting and finance include the oversight of all acquisitions and joint ventures, including most recently the $1.2 billion acquisition in 2007 of ADVO, Inc., the nation’s leading direct mail media company.