Dex Media Appoints Joe Walsh As CEO

(RTTNews) - Dex Media, Inc. (DXM) said Tuesday that it has appointed Joe Walsh as president and chief executive officer.

Walsh succeeds Peter McDonald, who will consult with the company over the next year.

Prior to his role at Dex Media, Walsh was the CEO of Walsh Partners, a boutique investment and advisory firm, and Executive Chairman of Cambium Learning, an online education and learning company. Previously, Walsh led local media powerhouse Yellowbook, beginning as a sales leader in 1987 and serving as CEO from 1993 to 2011.

In connection with Walsh's appointment as president and chief executive officer, Dex Media granted Walsh options to purchase 271,000 shares of Dex Media common stock at an exercise price of $7.54, which vest on Dec. 31, 2017.