ATLANTA - Former John H. Harland Co. CEO Timothy Tuff has settled in here as a venture capitalist.
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Tuff, who helped sell the venerable check printer earlier this year to M&F Worldwide, has opened a local office for Ampersand Ventures, a venture fund based in Wellesley, Mass. Tuff earned almost $19 million when he sold Harland to M&F, the vehicle for corporate raider Ronald Perelman.
That included a $6.2 million change of control payment, $4.9 million for the 112,463 Harland shares he owned, $5.4 million for unvested stock options and restricted stock, and other payments.
M&F had combined Harland's check printing business with Clarke American to create the nation's largest check printer.
