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- Release Date: 30/04/14 11:46
- Summary: OFFICE: DIL: Diligent Announces Planned Transition of CFO
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DIL
30/04/2014 09:46
OFFICE
REL: 0946 HRS Diligent Board Member Services INC (NS)
OFFICE: DIL: Diligent Announces Planned Transition of CFO
April 30, 2014
Diligent Announces Planned Transition of CFO
Diligent Board Member Services, Inc. ("Diligent" or the "Company") (NZX: DIL)
today announced that Carl Blandino will step down from his position as Chief
Financial Officer to pursue other opportunities once the Company becomes
current with its financial reporting obligations for the year ended December
31, 2013, which the Company anticipates to be by May 30, 2014. Mr. Blandino
will remain with the Company through July to ensure a seamless transition of
his responsibilities.
Alexander Sanchez, Diligent's Controller, will serve as interim Chief
Financial Officer (Principal Financial and Accounting Officer) effective
after Mr. Blandino steps down from that role. Mr. Sanchez joined Diligent in
September 2013 from Zara USA Inc., where he served as CFO. Before Zara USA
Inc., Sanchez was with Sirius XM Satellite Radio and with
PricewaterhouseCoopers, LLP. Sanchez has over 15 years of experience
providing a broad range of financial reporting, auditing, accounting and
business advice. He is a Certified Public Accountant licensed in New York
and New Jersey. Diligent will commence a search for a new Chief Financial
Officer.
Mr. Alessandro Sodi, President and Chief Executive Officer of Diligent, said:
"Carl helped guide Diligent through a difficult restatement of certain of our
financial statements. We thank Carl for his guidance during this important
period and wish him the best. Alex Sanchez is a talented and experienced
finance executive, and I am confident that he will lead the transition
effectively. The Company continues to pursue its key business strategies and
Alex has been, and will continue to be, an important part of my team."
Mr. Blandino commented: "I look forward to continuing to work with Diligent
in completing its filings to become current in its financial reporting
obligations for the 2013 fiscal year, and am proud of the work we have done
in completing the restatement. Alex Sanchez has been a valued member of the
team and will serve the Company well as interim Chief Financial Officer upon
my transition from that role."
Investor inquiries:
Sonya Joyce
Ph: + 64 4 894 6912
Media inquiries:
Geoff Senescall
Ph: + 64 21 481 234
End CA:00249894 For:DIL Type:OFFICE Time:2014-04-30 09:46:29
