From the Worldwide Faith News archives www.wfn.org
Publishing Corporation Officials Cleared of
04 May 1996 20:51:43
95354 Publishing Corporation Officials Cleared of
by Julian Shipp
LOUISVILLE, Ky.--The Presbyterian Publishing Corporation (PPC) board of
directors has overwhelmingly agreed that allegations of personal misconduct
between PPC president/publisher Davis Perkins and managing editor Stephanie
Egnotovich are unfounded and no further action on the matter is warranted.
Price H. Gywnn III, PPC board chair from Charlotte, N.C., met here
with more than 20 PPC employees Aug. 28-29 to hear their concerns about an
alleged affair between Perkins and Egnotovich and about the corporation's
The PPC board met here Sept. 25-26 in predominantly closed session to
discuss these matters and propose strategies for enhancing future
management, employee development and morale.
Gwynn said the board brought "no formal charges" against Perkins or
Egnotovich, and described the claims as "stories, stuff and rumors."
However, Gwynn said, the accusations were significant enough to confer with
Perkins and Egnotovich and reveal the board's decision to all PPC employees
during a Sept. 26 PPC staff meeting.
Gwynn said his report "culminated in an expression on the part of the
board of full confidence in [Perkins] and [Egnotovich] in regards to their
personal conduct." Gwynn said no hearings were conducted or depositions
taken, but board members discussed the matter with Perkins and Gywnn, who
said he served as a PPC employee representative.
"This personnel matter was discussed at significant length and I told
the [PPC] employees the board is convinced that no impropriety [between
Perkins and Egnotovich] has taken place," Gywnn said.
Though concerned over the consequences of the allegations, Perkins
said he is pleased with the board's decision. Egnotovich could not be
reached for comment by presstime.
"I'm very pleased that the board supports my leadership at PPC and
relish the challenges that face us in the future," Perkins said.
In addition to attaining economic stability and battling declining
sales of some of its product lines, a significant PPC challenge that
remains is enhancing operational efficiency. On Aug. 14, PPC terminated its
accounting contract with the PC(USA)'s Corporate and Administrative
Services (CAS) and established its own accounting department. This decision
resulted in the elimination of seven accounting-related positions in CAS.
According to Gwynn and Perkins, the PPC board approved a series of
staff reorganizations designed to more effectively utilize leadership and
strengthen PPC's overall capacity to address future developments.
For example, in addition to the creation of a unified PPC
Curriculum/Westminster John Knox Press (WJK) production department, the
board has authorized a search for a person to fill a new position, that of
Westminster John Knox Press director.
Gwynn said that person will fill the vacancy left by Perkins since he
departed WJK and will be responsible for all WJK activities, both marketing
and editorial. Gwynn said the position will be advertised over the next
couple of months and the person selected for the position will more than
likely come from outside the current PPC staff.
Effective by Jan. 1, 1996, Doug Deatz, PPC vice president and
corporate treasurer, will assume the duties of PPC Curriculum director.
According to Perkins, this is partially due to the retirement of director
Mina Grier at the end of 1995. Perkins said the decision will allow Deatz
to focus on curriculum publishing and distribution of other PPC
denominationally related resources.
Perkins described PPC's financial health as "fairly strong" and said
the corporation is entering the remainder of 1995 with "realistic
expectations of showing black ink on the bottom line."
Though he declined to release end-of-the-year financial projections he
described as "still tentatively based" due to fluctuating sales, Perkins
said PPC currently has approximately $3 million in cash. At this time last
year, Perkins said, PPC borrowed about $700,000 from the General Assembly
Council, so the corporation's current cash position has shown "a swing of
roughly $3.7 million."
"I feel reasonably good about PPC's short-term profitability," Gwynn
said. "But we've got some problems on the horizon, and when we get there
I'm sure we'll rise to the occasion and deal with them appropriately."
PPC is an independent company whose board of directors is elected by
the Presbyterian Church (U.S.A.) General Assembly. Its imprints and product
lines currently include Westminster John Knox Press, Geneva Press,
Presbyterian Publishing House, and Presbyterian and Reformed Educational
For more information contact Presbyterian News Service
Presbyterian Church (U.S.A.), Louisville, KY 40202
phone 502-569-5504 fax 502-569-8073
E-mail PCUSA.NEWS@pcusa.org Web page: http://www.pcusa.org
Browse month . . .
Browse month (sort by Source) . . .
Advanced Search & Browse . . .