Gerace to retire from Multi-Color in 2011

Multi-Color Corporation has announced that its president and CEO, Frank Gerace, will leave the company when his contract expires on March 31, 2011.

‘My decision to invoke the non-renewal terms of the employment agreement is the first step in moving forward with an effective succession plan as I prepare for my eventual retirement from Multi-Color,’ said Gerace. ‘I will be working closely with our Board over the next two years to provide for a smooth transition, taking into consideration the long-term strategy and interests of the company.’

Gerace was promoted to president and appointed a director in May 1999 and was elected chief executive officer in August 1999. Prior to that, Gerace had served as the company's vice president of operations from April 1998 to May 1999.

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