TORONTO, April 15, 2019 /CNW/ - Pivot Technology Solutions, Inc. (TSX: PTG), ("Pivot" or the "Company"), a full-service information technology provider, is pleased to announce the appointment of Christopher Formant, a senior business and technology industry executive, to its Board of Directors, effectively immediately.
Over his distinguished 35-year career, Mr. Formant has served in leadership positions at large and mid-sized companies. Most recently, he was President of Verizon Enterprise Solutions, where he was responsible for Verizon's $20 billion advanced technology and business solutions business for global enterprise and government customers. From 2008 to 2013, he held several positions including President of Avaya Global Services, a B2B digital communications company where he was responsible for the $2.5 billion services business and a $900 million government business. Earlier in his career, he was: Executive Vice President, Financial Services and Middle Market at Bearingpoint Inc., President and CEO of Scient, Inc., an internet firm; Managing Partner and Global Banking Leader at PwC; and, Executive Vice President at MBNA Corporation.
"Mr. Formant's appointment is the outcome of a rigorous and extensive search process carried out by our Board with the objective of recruiting an independent, high-calibre business executive to serve our Company," said Wade K. Dawe, Chair of the Board. "With his evident leadership skills and broad, relevant technology and financial industry expertise, Mr. Formant will bring important new perspectives to our deliberations. On behalf of my fellow shareholders, I welcome Chris to Pivot."
A resident of Baltimore, Maryland, Mr. Formant holds an MBA from George Washington University and a Bachelor of Science from Washington and Lee University. He is a member of the Board of ID Systems, RocketDocs, and the Rock and Roll Hall of Fame.
"As Pivot advances its commercial transformation, Mr. Formant's technology services experience and industry connections will add tremendous value," said Kevin Shank, President and Chief Executive Officer. "We look forward to gaining access to his knowledge and advice."
About Pivot Technology Solutions, Inc. Pivot is an industry leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive OEM partnerships and its own fulfillment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients. For more information, visit www.pivotts.com.
Forward Looking Statements This news release may contain statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Pivot uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend", "anticipate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Pivot in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Pivot's expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause Pivot's actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. The "forward-looking statements" contained herein speak only as of the date of this news release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
SOURCE Pivot Technology Solutions, Inc
For further information: David Toews, Chief Financial Officer, Pivot Technology Solutions, Inc., [email protected]; Bill Mitoulas, Pivot Investor Relations, [email protected], Tel: 416.479.9547