14.06.2006 21:04:00
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PRG-Schultz Announces Appointment of N. Lee White as Executive Vice President - U.S.
Mr. White, age 51, most recently served as chief operating officer(COO) of Zyman Group, a business and growth strategy consulting firm.He is the former president and COO of CommerceQuest, a businessprocess management and web services company, and was co-founder ofAnswerThink, a leading provider of technology-based businesstransformation solutions. Prior to co-founding AnswerThink, Mr. Whitewas a senior partner with KPMG, where he was a leader in the firm'sStrategic Services Consulting practice. He also held multiple sales,marketing and management positions at IBM over the course of sixteenyears with the company.
"We are extremely excited to have Lee join our team," said JamesB. McCurry, PRG-Schultz chairman, president and chief executiveofficer. "His over twenty-five years of successful client-service,business process management and technology experience willturbo-charge our efforts to provide ever-increasing levels of value toour clients."
"I am excited about the opportunity to improve and expand thePRG-Schultz services portfolio to continue to enhance our clients'profitability," commented White.
Mr. White is a member of the Board of Directors of CommerceQuestand serves on the Technology Advisory Council of Dartmouth College. Heearned an MBA from the University Of Chicago Graduate School OfBusiness and received a B.A. from Dartmouth College.
About PRG-Schultz International, Inc.
Headquartered in Atlanta, PRG-Schultz International, Inc. is theworld's leading recovery audit firm, providing clients throughout theworld with insightful value to optimize and expertly manage theirbusiness transactions. Using proprietary software and expert auditmethodologies, PRG-Schultz industry specialists review clientpurchases and payment information to identify and recoveroverpayments.
The company's home page is www.prgx.com.
Forward Looking Statements
This press release includes certain forward-looking statementswithin the meaning of the Private Securities Litigation Reform Act of1995, in addition to historical information. Such statements includestatements regarding PRG-Schultz's ability to provide value to itsclients and enhance their profitability. If the company is unable tosuccessfully complete its operational restructuring and turnaroundplans, the company may be unable to pay its debts as they come due orcontinue funding its operations and may be forced to seek protectionfrom its creditors, in which event its ability to assist its clientscould be materially diminished. Other risks that could affect thecompany's future ability to assist its clients include the company'sability to retain skilled personnel, potential adverse changes in themarket for the company's services, client (and client vendor)bankruptcies, loss of major clients, the risk that the company will beunable to maintain the competitive advantage of proprietarytechnology, and other risks generally applicable to the company'sbusiness. For a discussion of other risk factors that may impact thecompany's business and the success of its restructuring plan, pleasesee the company's Form 10-K filed with the Securities and ExchangeCommission on March 23, 2006. The company disclaims any obligation orduty to update or modify these forward-looking statements.
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