Ann: DIRECTOR: DIL: Diligent Announces Change to Executive Leadership and Board

• Release Date: 29/09/15 08:32
• Summary: DIRECTOR: DIL: Diligent Announces Change to Executive Leadership and Board
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29/09/2015 08:32
DIRECTOR
NOT PRICE SENSITIVE
REL: 0832 HRS Diligent Corporation (NS)

DIRECTOR: DIL: Diligent Announces Change to Executive Leadership and Board

September 29, 2015

Diligent Announces Change to Executive Leadership and Board of Directors

Greg Petersen Steps Down as Executive Vice Chairman, Transitioning to Role as
Director

WELLINGTON, New Zealand, September 29, 2015 - Diligent Corporation (NZX: DIL)
("Diligent" or the "Company"), the Software-as-a-Service (SaaS) based
platform for the secure electronic production, distribution and collaboration
of confidential information for boards, committees and leadership teams,
today announced that Greg Petersen will resign his position as Executive
Director and Executive Vice Chairman of Diligent, effective Thursday, October
1, 2015 (US ET). Petersen will remain an active board member, transitioning
back to his previous responsibilities as a Director and Chairman of the
Board's Audit and Finance Committee, in addition to continuing to serve on
Diligent's Compensation Committee.

"On behalf of the Board and management team, I want to thank Greg for his
partnership and valuable strategic contributions to Diligent's success." said
David Liptak Chairman of the Board. "Over the past year, as Executive Vice
Chairman, Greg has played an important role in both improving our operations
and advancing Diligent's leadership position in the market. As a Director,
the Board will continue to benefit from Greg's deep industry knowledge and
expertise, and I am excited to continue working with him as we further expand
the company."
During his time as Diligent's Executive Vice Chairman, Petersen's
comprehensive expertise in Software-as-a-Service, and the software industry
in general, provided significant value to the wider Diligent Board of
Directors. Prior to serving in that capacity, Petersen acted as a Director
and Chairman of the Audit and Finance Committee for Diligent from April 2013
to September 2014. Petersen was also a member of the Company's Compensation
and Nominations Committees prior to his work as Executive Vice Chairman.

"With the additions of Brian Stafford as Chief Executive Officer and Michael
Stanton as Chief Financial Officer, as well as the other strong executive
management hires we've recently made, I believe Diligent has the right
leadership team in place to lead us during our next stage of growth,"
Petersen said. "I am more confident than ever that the company will continue
to perform at high levels, as our management team and market position have
never been stronger. I look forward to working with these impressive
executives in my new capacity."

About Diligent

Diligent is the leading provider of secure corporate governance and
collaboration solutions for boards and senior executives. Over 3,300 clients
in more than 60 countries and on all seven continents rely on Diligent to
provide secure, intuitive access to their most time-sensitive and
confidential information, ultimately helping them make better decisions. The
Diligent Boards (formerly Diligent Boardbooks) solution speeds and simplifies
how board materials are produced, delivered and collaborated on via any
device, removing the security concerns of doing this by courier, email and
file sharing. Diligent is a publicly listed company (NZX: DIL) with nearly
$US 100 million in annual recurring revenue, based on previously reported
revenue retention rates. Visit www.diligent.com to learn more.

Safe Harbor Statement

Statements made in this press release that state Diligent's or management's
intentions, beliefs, expectations, or predictions for the future are
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995. Readers are cautioned that these statements
are only predictions and may differ materially from actual future events or
results. All forward looking-statements are only as of the date of this press
release and Diligent undertakes no obligation to update or revise them. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause Diligent's actual results to differ materially
from those projected in such forward-looking statements. For example, if our
new products and features do not fit with our customers' needs, our financial
performance and revenue growth may suffer. Factors which could cause our
actual results to differ materially from those projected in forward-looking
statements include, without limitation, economic, competitive, regulatory and
technological factors affecting Diligent Corporation's operations, markets,
products, services and other factors set forth in the Company's Risk Factors
included in its Annual Report on Form 10-K filed with the SEC on March 16,
2015.

Investor inquiries:
William Maina
NZ toll free: 0800 995 082
International: +1-646-277-1236
[email protected]

Media inquiries:
Geoff Senescall
Ph: + 64 21 481 234
or
ICR, Inc. for Diligent
Austin Taczli,
Ph: 1-646-277-1235
[email protected]

Shawn Lankton
Chief Marketing Officer
End CA:00270903 For:DIL    Type:DIRECTOR   Time:2015-09-29 08:32:52