18.07.2008 20:31:00
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Pomeroy IT Solutions Announces Change in Executive Management
Pomeroy IT Solutions (NASDAQ: PMRY), a technology and services solutions
provider, announced today that it has accepted the resignation of Kevin
G. Gregory as its Chief Financial Officer. Mr. Gregory will remain with
the Company until July 31, 2008, to assist with the transition to his
successor, Mr. Craig Propst, the Company’s
Vice President and Treasurer, who will be appointed interim Chief
Financial Officer and be given the opportunity to assume this role on a
permanent basis.
"Kevin has provided a stabilizing leadership
influence on our organization during his tenure, which helped to guide
the Company through a challenging period in its history,”
commented Keith Coogan, the Company’s
President and Chief Executive Officer. "We
certainly wish him the very best for continued personal and professional
success as he pursues new interests.” "We are fortunate that Craig Propst has been
immersed in the Company’s financial and
accounting functions since he joined the Company in March of this year,”
said Mr. Coogan. "He stands ready to
immediately assume the responsibilities of interim CFO and I have great
confidence in his ability to make a seamless transition into this new
role. Craig is a results-oriented and highly motivated problem-solver
who is very capable of providing the kind of detailed financial analysis
and disciplines that we need to grow and improve our business,”
Mr. Coogan added.
Mr. Propst, 46, has served as the Company’s
Vice President and Treasurer since March 2008 and has been responsible
for the financial areas of cash management, treasury, and financial
planning and analysis. Mr. Propst was previously employed by Software
Spectrum, a global software reseller with over two billion dollars in
annual sales, where he served as Vice President of Finance Europe,
Middle East and Africa during his three year tenure. Before joining
Software Spectrum, Mr. Propst served in multiple financial and
operational roles for i2Technologies, a global supply chain software
company in Dallas, Texas over a period of four years. Prior to that, he
served as treasurer for Opel Master Lease, a full service automobile
leasing subsidiary of General Motors in Ruesselsheim, Germany. Mr.
Propst was an active duty Intelligence Officer in the US Air Force for
nine (9) years. He is a 1983 graduate of the United States Air Force
Academy, obtained a Master of Arts in East European Studies from United
States Naval Post Graduate School and holds MBA degrees in Finance from
the University of Texas at Austin and in International Corporate Finance
from Koblenz School of Corporate Management in Koblenz, Germany.
About Pomeroy IT Solutions, Inc.
Pomeroy IT Solutions, Inc. is a leading provider of IT infrastructure
solutions focused on enterprise, network and end-user technologies.
Leveraging its core competencies in IT Outsourcing and Professional
Services, Pomeroy delivers consulting, deployment, operational, staffing
and product sourcing solutions through the disciplines of Six-Sigma,
program and project management, and industry best practices. Pomeroy's
consultative approach and adaptive methodology enables Fortune 2000
corporations, government entities, and mid-market clients to realize
their business goals and objectives by leveraging information technology
to simplify complexities, increase productivity, reduce costs, and
improve profitability. For more information, go to www.pomeroy.com.
Forward-Looking Statements
Certain of the statements in the preceding paragraphs may contain
projections and other forward-looking statements. While these statements
are related to future events and represent our best current judgment,
they are subject to risks and uncertainties that could cause actual
results to vary. These risks and other factors include but are not
limited to: changes in customer demands or industry standards; existing
market and competitive conditions, including the overall demand for IT
products and services; adverse or uncertain economic conditions;
litigation; loss of key personnel; the nature and volume of products and
services anticipated to be delivered; the mix of the products and
services businesses; the type of services delivered; the ability to
successfully attract and retain customers and to sell additional
products and service to existing customers; the ability to timely bill
and collect receivables; the ability to maintain a broad customer base
to avoid dependence on any single customer; the need to successfully
attract and retain outside consulting services; terms of vendor
agreements and certification programs and the assumptions regarding the
ability to perform there under; the ability to manage risks associated
with customer projects; and the ability to attract and retain technical
and other highly skilled personnel. These statements are only
predictions. Actual events or results may differ materially.
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