Converge Technology Solutions Corp. Announces Board And Management Changes
Converge Technology Solutions Corp. (“Converge” or “the Company“) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a software-enabled IT & Cloud Solutions provider, is pleased to announce proposed changes to its board of directors to be approved at today’s annual general meeting, as well as to certain roles within its management team.
As previously announced, Thomas Volk, a seasoned and experienced executive within the IT services industry in North America and Europe, will assume the role of Board Chair and Darlene Kelly, an experienced leader in the Canadian IT services sector, will join the Company’s board of directors following the Company’s annual general meeting today. “We are excited to have Thomas assume the role of Board Chair,” said Shaun Maine, CEO of Converge. “His leadership and guidance will be instrumental as we expand our footprint into Europe and accelerate our managed services growth. We are also delighted to welcome Darlene to the Converge Board,” continued Mr. Maine. “Darlene brings years of financial and operational experience and accomplishment within the industry and we look forward to working with her as we move into our next phase of growth.” In addition, Brian Phillips, currently an independent director, will be appointed to act as Lead Director of the board of directors.
Converge also announces the appointment of Matt Smith as interim CFO and the departure of Carl Smith. “I would like to thank Carl for his contribution to Converge and for his role in helping us transform our balance sheet to position us for exciting growth in the years to come. We wish him well as he leaves us to pursue other endeavors outside the IT services industry and thank him for ensuring a smooth transition to Matt,” said Mr. Maine. “I would also like to acknowledge the fantastic job that Matt has done since he joined Converge last year, and the board and I are excited to work even more closely with Matt in this new role.”
In addition, Converge announces the appointment of Julianne Belaga as Chief Legal Officer. “Julianne has worked with us since the time of completing our first acquisition and she is a consummate professional,” said Mr. Maine. “As we continue to focus on acquisitions and as we expand our activities outside North America, having someone of Julianne’s talent and experience in this new role will be an important part of our future success.” Finally, Converge announces that it has retained Shubo Rakhit as a Senior Advisor to the Company. Shubo has years of experience as a finance and investment banking professional, including working on numerous global public equity and debt financing and M&A transactions throughout his career. “We are very fortunate to have the opportunity to work more closely with Shubo in this new role and believe he will be an important part of our team as we execute on our goals,” continued Mr. Maine. “Our clear focus is to become one of the leading IT services firms globally, and we strongly believe that the caliber of the team we have assembled, including the promotions and additions announced today, will help us achieve those goals.”