Reynolds and Reynolds Sells Information Solutions Group
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Rodney Hedeen, president of ISG, will become CEO of the new company. The name of the business will be revealed when the transaction closes during its fourth fiscal quarter, which ends September 30. ISG's current 12-month revenue run rate is about $800 million.
Hedeen has been president of the division since January 1997. Hedeen joined Reynolds in 1987 as senior vice president of manufacturing/distribution and was named senior vice president of operations in 1989. In 1990, he was named senior vice president and general manager of the Forms and Systems Group. Before joining Reynolds, Hedeen held positions at Cummins Engine Co. in Columbus, IN, Hillenbrand Industries in Batesville, IN, and General Electric in Louisville, KY.
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