DETROIT, July 28, 2016 /PRNewswire/ -- Bob Recchia has been named Chief Financial Officer at Crain Communications Inc., the Detroit-based, family-owned media company.
Recchia has more than 30 years of financial experience, most recently as executive vice president and CFO at Valassis Communications Inc. in Livonia. The digital marketing and couponing company was acquired by Harland Clarke Holdings in 2014.
Recchia will lead Crain Communications' overall financials, budgets, business plans and revenue-building strategies.
"Bob has been responsible for tremendous financial growth in his three decades of accounting leadership, and we are excited to bring his experience and insights to our company," said KC Crain, Crain Communications' executive vice president/director of corporate operations and a group publisher.
A graduate of Wayne State University and a former auditor at Deloitte, Recchia joined Valassis in 1982 as treasurer and became CFO in 1990. He oversaw all acquisitions and joint ventures, and was also responsible for developing Valassis' tax strategies and improving its debt structure during both private and public ownership. He also served as a member of that company's board of directors.
During his tenure, Valassis' revenue grew from $100 million to more than $2.4 billion. He also was part of their executive leadership team that developed an award-winning culture, which was named to Fortune's "100 Best Companies to Work For" for nine consecutive years.
Recchia lives in Bloomfield Hills, Mich.
About Crain Communications
Crain Communications is a privately held media company that produces trusted and relevant news publications, lead generation, research and data products, digital platforms, custom publishing, and events with uncompromising integrity. Reaching 6 million business decision-makers and consumers across the United States and in select markets in Europe and Asia, the company's 56 brand portfolio consists of 22 print publications and 34 digital-only news sites. Many of Crain's brands are the most influential media properties in the verticals they serve including Automotive News, Autoweek, Advertising Age, Modern Healthcare, Plastics News, Business Insurance and Pensions & Investments. Headquartered in Detroit, the company has 880 employees in 13 locations delivering exceptional news content over a variety of platforms to empower the success of its readers and clients.
SOURCE Crain Communications Inc.