Morrrison New IWCO Direct President; Schultz Retiring

In other executive news, Livonia, MI-based Valassis announced the planned retirement of its chairman, president and CEO, Alan Schultz, on Dec. 31, after 27 years with the company. Schultz will retain his chairman of the board role and has also entered into a three-year consulting arrangement with the company to assist with the leadership transition. The board of directors has appointed Rob Mason, executive vice president of sales and marketing, to succeed Schultz as CEO and president.