Scott Flanders Explained

Scott Flanders
Birth Date:26 December 1956
Birth Place:Indianapolis, Indiana, U.S.
Occupation:CEO, eHealthInsurance
Education:University of Colorado, Indiana University and Maurer School of Law

Scott N. Flanders (born December 26, 1956) is an American corporate executive in the media, entertainment and technology industries.[1] He is currently chief executive officer and long-term member of the board of directors at eHealth, Inc.,[2] a role he assumed on May 31, 2016. He formerly was CEO of Playboy Enterprises,[3] [4] and held CEO positions at Macmillan Publishers, Telstreet, Freedom Communications, and Columbia House.

Education

Flanders was born on December 26, 1956, in Indianapolis, Indiana, USA. He attended the University of Colorado, where he earned a Bachelor of Arts in Economics. He later received a Juris Doctor from Maurer School of Law at Indiana University. He is also a C.P.A.

Business career

Macmillan

From 1986 to 1998, Flanders was the president of Macmillan Publishers. He joined Macmillan from Que Corp., where he oversaw the sale of the computer book publisher to Macmillan in 1986.[5] In his subsequent 14 years at Macmillan, he established the firm as the world's largest computer book publisher and the first publisher of books about the Internet.[6] The company's revenues increased from $5 million to $500 million under his leadership.[7] The Macmillan name was acquired by Pearson in 1998.[8]

Telstreet

Between 1998 and 1999, he was co-founder, chairman and chief executive of Telstreet.com, an Indianapolis-based e-commerce company that merged with Buy.com in 2000.[9]

Columbia House Company

In 1999, Flanders was hired by Sony and Time Warner Inc. to lead the integration of CDNow, an online music retailer, and Columbia House to establish a new public company jointly held by the two CDNow shareholders [10] The merger plans, made public in the fall of 1999, were dissolved in March 2000, with many analysts pointed to the bursting of the dot-com bubble as a factor.[11]

After the dissolution of the merger, Flanders transitioned to the role of Chairman and CEO of Columbia House Company, where he led the company's turnaround strategy, making several executive changes and transitioning the company from a print customer acquisition model to one dominated by online.[12] [13]

Flanders also led a leveraged buyout of Columbia House by the Blackstone Group.[14] Columbia House was later sold to Bertelsmann in a transaction that closed in July 2005.[15]

Freedom Communications

His prior work with the Columbia House led Blackstone Group to ask Flanders to join Freedom Communications as the president and chief executive officer, where he spent 2006 to 2009.[16] He also was on Freedom Communications' board of directors during this time and as an independent director for five years before joining the company as its president and CEO.[17] [18] During his board tenure, Freedom recapitalized with two private equity firms, the Blackstone Group and Providence Equity Partners.[19]

Playboy Enterprises

Flanders was president of the firm during the transformation of Playboy into a brand management company.[20] In March 2011, with financing from private equity firm Rizvi Traverse Management and investment bank Jefferies & Company, Playboy Enterprises went private for $6.15 per share.[21] In the 20-month period between his arrival and the go-private transaction, shareholder earnings increased 2.07 times the stock price at the time of his arrival.[22]

eHealth, Inc.

Flanders took over as CEO of eHealth, Inc. after being a member of eHealth's board for eight years. Upon taking the reins at eHealth, Flanders developed a three-point plan to drive substantial growth that was announced to shareholders on October 27, 2016.[23] The first point in the plan is to accelerate growth in eHealth's Medicare Advantage membership and significantly increase its market share in the Medicare supplement market. The second point in the plan is to significantly expand eHealth's market share in the small business insurance market. The third point in the plan is to drive higher sales volume in adjacent markets while expanding sales activities with existing and new eHealth members.

Other

Notes and References

  1. Web site: Archived copy . intranet.freedom.com . 14 January 2022 . https://web.archive.org/web/20100107102934/https://intranet.freedom.com/freedom_admin/images/pdf/eHealth_Flanders030708.pdf . 7 January 2010 . dead.
  2. Web site: eHealth Appoints Scott Flanders as Chief Executive Officer. eHealth Insurance Newsroom.
  3. Web site: Incoming Playboy CEO: 'I Believe the Magazine Will Come Back'. June 10, 2009. Folio.
  4. Web site: Delbyck . Cole . HuffPost - Breaking News, U.S. and World News | HuffPost . https://web.archive.org/web/20090605081211/http://www.huffingtonpost.com/2009/06/02/scott-flanders-named-play_n_210257.html . dead . June 5, 2009 . Huffingtonpost.com . 2019-07-10.
  5. Web site: Cengage Learning. www.cengage.com.
  6. Web site: Stocks. 2019-07-10. Investing.businessweek.com.
  7. http://www.spoke.com/people/scott-flanders-3e1429c093597c100042e3f7
  8. Web site: Publisher relocates division . Indianapolis Business Journal . 14 January 2022 . https://web.archive.org/web/20160312141106/https://www.highbeam.com/doc/1P3-45082739.html . 12 March 2016 . dead.
  9. News: Buy.com Pays $4 Million in Stock for Telstreet.com . August 12, 2024 . Los Angeles Times . August 18, 2000.
  10. Web site: Scott Flanders Named to Lead New Company Formed by Merger of CDNOW and Columbia House. - Free Online Library . www.thefreelibrary.com . 14 January 2022 . https://web.archive.org/web/20160305020213/http://www.thefreelibrary.com/Scott+Flanders+Named+to+Lead+New+Company+Formed+by+Merger+of+CDNOW...-a055823233 . 5 March 2016 . dead.
  11. Web site: September 28, 1999 . FLANDERS NAMED HEAD OF CD NOW/COLUMBIA HOUSE . www.telecompaper.com.
  12. Web site: REDESIGNING HOUSE; NEW CEO CHANGES TUNE OF MUSIC COMPANY. Mary. Huhn. February 7, 2000.
  13. Web site: Columbia House Announces Reorganization. - Free Online Library . www.thefreelibrary.com . 14 January 2022 . https://web.archive.org/web/20160305003356/http://www.thefreelibrary.com/Columbia+House+Announces+Reorganization.-a059207204 . 5 March 2016 . dead.
  14. Web site: BMG Direct to Acquire The Columbia House Company. www.blackstone.com. 10 August 2023 .
  15. Web site: BMG Direct Acquires the Columbia House Company . www.blackstone.com . 14 January 2022 . https://web.archive.org/web/20120918052122/http://www.blackstone.com/news-views/details/bmg-direct-acquires-the-columbia-house-company . 18 September 2012 . dead.
  16. News: There's money in the Bunny. The Andrew Davidson. Interview. January 17, 2010. www.thetimes.co.uk.
  17. Web site: Mortgage & Refinance: A Top 10 Mortgage Lender | Freedom Mortgage.
  18. Web site: Archived copy . ocbiz.ocregister.com . 14 January 2022 . https://web.archive.org/web/20120307214414/http://ocbiz.ocregister.com/files/2009/06/freedom-communications-names-new-ceo.pdf . 7 March 2012 . dead.
  19. Web site: Mortgage & Refinance: A Top 10 Mortgage Lender | Freedom Mortgage.
  20. Web site: Playboy board to take company private | Variety . www.variety.com . 3 February 2022 . https://archive.today/20130205171823/http://www.variety.com/article/VR1118029974?refCatld=18 . 5 February 2013 . dead.
  21. Web site: Press Release. www.sec.gov.
  22. News: Playboy names newspaper publisher chief executive. Reuters . June 1, 2009. www.reuters.com.
  23. Web site: EHealth, Inc. Announces Third Quarter 2016 Results | Seeking Alpha . seekingalpha.com . 14 January 2022 . https://web.archive.org/web/20161031074654/http://seekingalpha.com/pr/16648959-ehealth-inc-announces-third-quarter-2016-results . 31 October 2016 . dead.
  24. Web site: Board of Visitors : Alumni Relations : Indiana Law . apps.law.indiana.edu . 14 January 2022 . https://web.archive.org/web/20081205152608/http://apps.law.indiana.edu/alumni/boards/listing/visitors.asp . 5 December 2008 . dead.
  25. Web site: eHealth Announces Appointment of Scott N. Flanders as New Independent Director. eHealth Insurance Newsroom.
  26. Web site: Ooyala raises $35M, partners with Telstra on IPTV expansion - FierceOnlineVideo . www.fierceonlinevideo.com . 14 January 2022 . https://web.archive.org/web/20120623161550/http://www.fierceonlinevideo.com/story/ooyala-raises-35m-partners-telstra-iptv-expansion/2012-06-18 . 23 June 2012 . dead.
  27. Web site: Mortgage & Refinance: A Top 10 Mortgage Lender | Freedom Mortgage.
  28. Web site: Orange County Museum of Art . www.ocma.net . 14 January 2022 . https://web.archive.org/web/20040811053947/http://www.ocma.net/index.html?page=about . 11 August 2004 . dead.

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