Skip to main content

R.H. Donnelley (RHD) said two press releases wrongly claimed its CEO had graduated from college when he hadn't.

The Cary, N.C., yellow pages publisher said it got a letter last week questioning claims that CEO David Swanson had graduated from St. Cloud State University. Swanson attended from 1973 to 1976 but didn't graduate, Donnelley said. The company said the incorrect claims were made in press releases in 1999 and 2002.

"This is a regrettable situation for which I accept full responsibility," Swanson said. "I will work closely with R. H. Donnelley's Board and members of the management team to ensure that we have proper internal and external controls on information dissemination so that this inaccurate information does not appear again."

Donnelley said its board has reviewed internal documents, including Swanson's original employment application from 21 years ago, which accurately state that he attended but did not graduate from St. Cloud State University. The board accepted Swanson's statement and supports the company's efforts to clarify the information.

TheStreet Recommends