TEC International Changes to Vistage International
--Vistage Prepares for Expanded Services--
San Diego, Calif. (April 4, 2006) TEC International, the world’s largest CEO membership organization, today announced it has changed its name to Vistage International. The new name better reflects the competitive advantage the company offers to member businesses around the world.
Vistage International, headquartered in San Diego, CA, is focused on improving executive performance, and dedicated to increasing the effectiveness and enhancing the lives of chief executives. It serves a global network of more than 13,000 members in 15 countries and provides businesses with a suite of services to drive their companies’ growth and innovation.
Vistage services include peer group meetings, individual coaching, expert resource speaker workshops, regional and international conferences, and access to a password-protected online best practices library.
“We are excited about our new name and the value proposition it brings to business executives,” said Rafael Pastor, CEO and Chairman of the Board of Vistage International. “We call our services the ‘Vistage Advantage’ because it gives business leaders fresh perspectives and practical solutions to today’s most pressing business challenges and opportunities. Members become better leaders, who make better decisions and achieve better results. As we build on our rich heritage by renaming and expanding our company, we are at the cutting edge of traditional.”
Fresh Perspective, On an Old Idea
The Vistage idea was born 50 years ago when a Wisconsin businessman met with four executives to help each other get better results for their businesses. The idea worked. Soon they had groups across the country, and then the world. They called themselves The Executive Committee…which was later changed to TEC International, and now, Vistage International.
“The Vistage name better articulates the benefits of the services the organization provides to its members,”Pastor notes. “Vistage combines the words vista and advantage. A vista provides the advantage of seeing things more clearly from a higher ground – having a fresher perspective, a broader outlook, and an improved line of sight.”
Vistage members meet monthly in a confidential setting with up to 16 of their peers, under the guidance of a skilled facilitator, the Vistage Group Chair. Members ask questions, offer solutions, and hold each other accountable for the steps needed to grow and improve their businesses.
Vistage members also get monthly coaching, expert speaker workshops and a “Vistage Gateway” to content, conferences and a worldwide network of members.
Vistage members are CEOs of businesses with annual sales between $1 million and $1 billion. They represent virtually every type of industry, from service and manufacturing to finance, real estate and other services.
Vistage conducts a quarterly Confidence Index, an up-to-date snapshot of economic, market and industry trends in the country. The results of the Vistage Confidence Index are broadcast and published regularly in major broadcast, print and electronic media outlets.
Vistage will be opening regional offices in New York, Chicago, Los Angeles and other major cities. The company also has expansion plans into China and India.
About Vistage International
Vistage International and its affiliates have more than 13,000 members in 15 countries representing the world’s largest CEO membership organization based on revenue. Vistage members generate nearly $300 billion in annual revenue and have more than 2.1 million employees around the world. Vistage is dedicated to increasing the effectiveness and enhancing the lives of chief executives. Member companies are better run and grow their revenues, on average, at twice the percentage growth rate after joining Vistage.
Vistage affiliates include TEC, The Executive Committee and The Executive Connection in the following areas: Florida, Michigan, Wisconsin, Argentina, Australia, Canada, Brazil, Chile, Germany, Mexico, Malaysia, New Zealand, Singapore and South Africa.
Media Contact
Tony Vignieri
Director of Corporate Communications
Vistage International
858.509.5882
tony.vignieri@vistage.com