The continuing overhaul of yellow pages publisher Dex One has extended into the executive suite.
The Cary company, which publishes yellow pages directories in 28 states, announced after the markets closed Wednesday that three of its top executives - all members of the eight-person leadership team led by CEO Alfred Mockett - are leaving the company. The departing executives are: George Bednarz, executive vice president of enterprise sales and operations; Sean Greene, senior vice president of interactive; and Maggie Le Beau, senior vice president and chief marketing officer.
Mockett joined the company in September and announced two months later that it needed to reduce annual expenses by $100 million, or a little more than 10 percent. The company has initiated a series of layoffs since then but hasn't disclosed howmany.
Dex emerged from bankruptcy at the outset of the year but continued to suffer from declining advertising revenue.
Spokesman Tyler Gronbach said Mockett is reorganizing the company's leadership structure but isn't ready to go public with those plans.
Greene and LeBeau's last day with the company will be Dec. 31.
Bednarz will oversee the company's "organizational realignment" and will remain through the end of March or until an executive vice president of sales and marketing is named, whichever comes first, according to a document filed with the Securities and Exchange Commission.
Dex shares closed at $7.67, down 25 cents.