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Basking Ridge, NJ, January 14, 2000 - Hooper Holmes, Inc. (AMEX:HH) announced today Paul W. Kolacki, Executive Vice President and Chief Operating Officer, will retire March 31st of this year completing a 36 year career with the Company. It is anticipated that Mr. Kolacki will continue to serve the Company as a consultant following his retirement.
Upon Mr. Kolacki's retirement, overall field operating responsibilities will be assumed by Mr. Mario Cavezza as Senior Vice President and General Manager of Branch and Affiliate Operations. Mr. Cavezza, with over 31 years of experience with the Company, spent the last several years as Regional Manager, Northern Region, the company's largest and most profitable area of operations. His key responsibilities included branch operations, field sales, and profitability of the region.
Jim McNamee, Chairman and Chief Executive Officer of Hooper Holmes commented, "Mr. Kolacki's retirement has been long in planning and coincides with the integration of Hooper's most recent acquisition, the purchase of the assets of Paramedical Services of America, Inc., which is ahead of schedule and close to completion. In his 36 year career at Hooper, Paul has been an integral part of important strategic initiatives of the Company and we appreciate his contributions over the many years."
Mr. McNamee added, "We are confident that Mr. Cavezza's extensive experience in the industry and strong customer relationships will enable him to be successful in overseeing our field operations. We look forward to his participation in the continued success of the Company."Hooper Holmes, Inc. provides health and other underwriting information on insurance policy applicants to the life insurance industry. The Company provides these health information services through over 300 locations nationwide.
CONTACT: Fred Lash
Chief Financial Officer
908/766-5000
Ephraim Bernstein/Jill Zames
Media - Stacey Nield
Morgen-Walke Associates
212/850-5600
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