VMS Appoints New President

David Stephens has replaced Peter Wengryn as president of VMS, the media monitoring,  management, and analysis company. He will report to company chairman Robert Waggoner. Previously, Stephens was MD of the Asia Pacific region for Wolters Kluwer Health and served as an adviser to the VMS board.

This summer, Wengryn spoke with us about plans to layoff 22 of its 800 employees, 3 percent of its workforce. While he did not confirm any executive layoffs at the time, CMO Mike Giovia has also left the company.

“The board was looking for someone who could take the company to the next level,” said Darren Drevik, marketing director at VMS. He went on to say that the board wanted to bring someone in to “integrate new technologies and move us to a new plateau.”