Viad Changes CEO

Plus, third-quarter earnings.
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Viad (VVI) - Get Report named Paul Dykstra CEO, replacing Paul Bohannon, who will step down in January.

The Phoenix-based company said Bohannon, who has been CEO since 1997, will remain chairman.

Viad also swung to a third-quarter profit despite a 13% drop in revenue. The company said earnings from continuing operations were $9.4 million, or 42 cents a share, reversing the year-ago loss of $68.3 million, or $3.14 a share. Income before impairment losses was 44 cents a share, though the latest quarter also included 7 cents worth of favorable tax settlements.