Provow Leaving Premiere Global

Premiere Global Services’ president of global operations is resigning.

June 30 will mark Lee Provow’s last day at the conferencing and business support services provider. Provow will leave with a $500,000 cash severance and 22,500 shares of restricted stock. Atlanta-based Premiere Global’s shares closed at $13.82 on Monday.

CTO David Guthrie will take over most of Provow’s responsibilities. His base salary will increase to $400,000, not including bonuses.

Provow is not allowed to work for a Premiere Global competitor, or start his own rival business, for one year. He also cannot discuss confidential information for two years.

Premiere Global recently reported first-quarter net income of $12 million, compared with $8.9 million during the year-ago period.