Ann: DIRECTOR: DIL: Diligent Announces Appointment of Executive...

• Release Date: 15/09/14 08:32
• Summary: DIRECTOR: DIL: Diligent Announces Appointment of Executive Vice Chairman
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					DIL
15/09/2014 08:32
DIRECTOR

REL: 0832 HRS Diligent Board Member Services INC (NS)

DIRECTOR: DIL: Diligent Announces Appointment of Executive Vice Chairman

September 15, 2014

Diligent Announces Appointment of Executive Vice Chairman

Diligent Board Member Services, Inc. ("Diligent" or the "Company") (NZX: DIL)
today announced that Mr. Greg B. Petersen has been appointed by the Board of
Directors to serve as Executive Vice Chairman of the Company. Mr. Petersen
has served as a director since April 2013 and has been a member of the
Company's Compensation Committee and Nominations Committee and Chairman of
the Audit and Finance Committee. During this time, Mr. Petersen's
comprehensive expertise and experience in the Software-as-a-Service ("SaaS")
and Software industry have been a valuable contribution to the Diligent Board
of Directors. To further utilise his skill-set and strengthen the company's
management depth, his appointment of Executive Vice Chairman was a logical
step during this period of growth. Mr. Petersen will start in his new
position on Monday September 15, 2014 (US ET), and subsequently will no
longer be regarded by the board as an independent director for the purposes
of the NZSX Listing Rules.

Mr. Petersen has served on the Board of PROS Holdings, Inc. (NYSE: PRO) since
2007 and is currently the compensation committee chairman for PROS. He has
served on the Board of Piksel, Inc. since 2012 and is currently the audit
committee and compensation committee chairman for Piksel. Previously Mr.
Petersen was the executive vice president and chief financial officer for
several technology companies, including: Activant Solutions, Inc. a provider
of business management solutions to retail and wholesale distribution
businesses from 2001-2007; Lombardi Software, Inc. a business process
management software provider, which was sold to IBM, from 2008 to 2010; and
CBG Holdings from 2011-2012. Mr. Petersen also served in finance and treasury
roles with Trilogy Software (a provider of enterprise software and business
services), in strategy and development roles with RailTex (a short-line and
regional rail service provider), and in finance and strategy roles at
American Airlines. Mr. Petersen holds a Bachelor of Arts in Economics from
Boston College and a Master of Business Administration from the Fuqua School
of Business at Duke University. Mr. Petersen has business and leadership
experience in software companies, merger and acquisition experience, and
significant finance, accounting and risk management knowledge.

As demonstrated above, Mr. Petersen has extensive experience as an executive
of publicly-traded companies, and building and executing on strategic plans
for fast growing software businesses. Mr. Petersen's initial focus will be on
Diligent's long-term strategic plan and to build out best-in-class processes
and infrastructure throughout the company to support its long-term growth.

Mr. David Liptak, Chairman of the Board, said: "Greg's depth of experience
and expertise in the SaaS and Software industry has been a valued addition to
the Diligent Board over the last 17 months. In his new role, we look forward
to further benefiting from his expertise as the company continues to grow."

Mr. Petersen commented: "Diligent has a tremendous product, and has grown
rapidly to have over 82,000 users in over 40 countries using the Diligent
Boardbooks. I am looking forward to working more closely with the Diligent
employees, customers and investors as we focus on our strategic growth
initiatives to further grow the global user base."

Investor inquiries:
Sonya Joyce
Ph: + 64 4 894 6912

Media inquiries:
Geoff Senescall
Ph: + 64 21 481 234

NB. The Company will file the attached Current Report on Form 8-K with the
U.S. Securities and Exchange Commission on September 15, 2014, U.S. time to
report the agreement with Mr. Petersen.
End CA:00255220 For:DIL    Type:DIRECTOR   Time:2014-09-15 08:32:26