SOURCE: Thomas Nelson, Inc.

August 18, 2005 19:00 ET

Thomas Nelson Announces Appointment of Michael S. Hyatt as Chief Executive Officer; Sam Moore to Continue as Board Chairman

NASHVILLE, TN -- (MARKET WIRE) -- August 18, 2005 -- Thomas Nelson, Inc.'s (NYSE: TNM) Board of Directors announced today that Michael S. Hyatt has been appointed Chief Executive Officer, succeeding to that post from Sam Moore, who has agreed to remain as Chairman of the Board.

Sam Moore commented: "This change is part of the management succession process designed to ensure that our Company will continue to grow well into the future. Mike Hyatt has served ably as President and Chief Operating Officer for the past 18 months, demonstrating a deep understanding of the publishing and operational sides of our business, as well as an inspiring talent for leadership."

Hyatt responded, "We are thrilled that Sam Moore has agreed to serve in a capacity that will allow the Company to continue to benefit from the depth of his wisdom and breadth of his experience. He is a true pioneer in the field of Bible and inspirational publishing. The Company's unquestioned success and leadership position is a clear reflection of Sam Moore's vision and leadership. Under his stewardship, Thomas Nelson has grown to become the largest Christian publisher in the world. Our greatest challenge going forward will be to build upon that legacy while remaining true to Sam's vision."

"I am grateful and humbled that our Board has selected me to lead this next phase of our Company's growth," Hyatt continued. "And I am pleased that we will continue to benefit from Sam's wisdom and counsel."

Commenting on the management changes announced today, Sam Moore stated: "Over the past four-plus decades, the Company has grown from what, basically, was a way for me to support myself in college into the leading presence in the expanding industry of Christian and inspirational products for all audiences. I wholeheartedly agree with our Board that Mike is the person to lead us into the twenty-first century."

"I intend to remain involved in the Company's business, devoting particular attention to deepening the relationships we have with the leading creators of Christian and inspirational works, and offering my full support to Mike's efforts as he executes our growth strategy."

Thomas Nelson, Inc. is a leading publisher and distributor of products emphasizing Christian, inspirational and family value themes and believes it is the largest publisher of Bibles and inspirational products. For more information, visit our website www.thomasnelson.com.

Thomas Nelson's stock is listed on the New York Stock Exchange (NYSE: TNM).

This news release includes certain forward-looking statements (all statements other than those made solely with respect to historical fact) and the actual results may differ materially from those contained in the forward-looking statements due to known and unknown risks and uncertainties. Any one or more of several risks and uncertainties could account for differences between the forward-looking statements that are made here and the actual results, including with respect to our sales, profits, liquidity and capital position. These factors include, but are not limited to: softness in the general retail environment or in the markets for our products; the timing and acceptance of products being introduced to the market; the level of product returns experienced; the level of margins achievable in the marketplace; the collectibility of accounts receivable; the recoupment of royalty advances; the effects of acquisitions or dispositions; the financial condition of our customers and suppliers; the realization of inventory values at carrying amounts; our access to capital; the outcome of any Internal Revenue Service audits; and the realization of income tax and intangible assets. These conditions cannot be predicted reliably, and the Company may adjust its strategy in light of changed conditions or new information. Thomas Nelson disclaims any obligation to update forward-looking statements.

MICHAEL S. HYATT
Bio Sheet
August 18, 2005
Michael S. Hyatt (50) is Chief Executive Officer of Thomas Nelson, Inc., the largest Christian publishing company in the world and the ninth-largest trade book publisher in North America. He has worked for Thomas Nelson for 12 years.

In his 28-year career, has worked in almost every capacity of the publishing industry. Within the publishing industry itself he has extensive experience as a salesman, marketer, editor and senior manager. He has also served as a literary agent, representing some of the best-known Christian authors in the industry. He is the author of four books, including "The Millennium Bug" (Regnery Press), which appeared on the New York Times Business Bestsellers list for seven consecutive months.

Hyatt joined Thomas Nelson for the second time in 1998 as Vice-President and Associate Publisher for the Nelson Books division. He was named publisher of this same division in July 2000. In early 2002, he was named Executive Vice-President and Group Publisher of the Thomas Nelson Book Group, which then included the company's twelve book divisions. He then became President and Chief Operating Officer of the Company in February 2004.

Hyatt began his publishing career at Word Publishing while a student at Baylor University. He worked at Word for a total of six years. In addition to serving as Vice President of Marketing at Thomas Nelson in the mid-80s, he also started his own publishing company, Wolgemuth & Hyatt, with his partner Robert Wolgemuth in 1986. The company was eventually acquired by Word in 1992. Hyatt was a successful literary agent from 1992 until early 1998.

Hyatt has been married to his wife, Gail, for 27 years. He has five daughters, ages 14-25 and two granddaughters. He and his family live outside of Nashville, Tennessee. He serves as a deacon at St. Ignatius Orthodox Church, where he has been a member for 21 years. In his spare time, he enjoys golf, photography, blogging and reading.

Contact Information

  • Contact:
    Joe L. Powers
    Executive Vice President
    P.O. Box 141000
    Nashville, TN 37214-1000
    Phone:(615) 902-1300
    Fax: (615) 883-6353
    Website: www.thomasnelson.com

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