Local Tech Wire

CARY, N.C. – David Swanson, chairman and chief executive officer at (NYSE: DEXO), is retiring as of May 28.

A search is underway for a replacement.

The yellow pages and online advertising firm announced Swanson’s retirement on Friday. He recently led the company out of bankruptcy.

"Having successfully guided the firm through our financial restructuring, the board of directors and I concluded the timing was right to transition leadership to a new executive who will guide Dex One through the next stage in its transformation,” Swanson said in a statement. “Over the last eight years we have taken the company from a small sales agent for telephone company yellow pages with just $75 million in annual revenue, to a multi-billion dollar market leader in print, online and mobile business search and marketing services.”

Board member W. Kirk Liddell will serve as interim “principal executive officer,” the company said.

Swanson joined R.H. Donnelley, the company that became known as Dex One, in 1985 as an account executive. He was named CEO in May 2002 and chairman in December of 2002.

Liddell joined Dex One’s board in January. A lawyer, Liddell is CEO at Irex Corporation.

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