Cover-All Announces Earl Gallegos as Non-Executive Chairman
January 17 2014 - 8:00AM
Business Wire
John Roblin resigns as non-executive
chairman and board director
Cover-All (NYSE MKT:COVR) announced today that John Roblin has
resigned as non-executive Chairman and director, effective January
16, 2014. The Board of Directors has appointed Earl Gallegos, a
director of the Company, as its new non-executive Chairman as of
January 16, 2014.
“On behalf of the entire Company and the Board of Directors, I
would like to express our deep appreciation to John for his
leadership and wisdom as our Chairman and Chief Executive Officer,”
said Manish Shah, the Company’s president, CEO and director. “We
are grateful to John for his more than decade of service to
Cover-All and we wish him all the best for his future
endeavors.”
Mr. Gallegos has a longstanding and active relationship with the
Company, serving as a member of the Board of Directors since 1997.
Mr. Gallegos currently serves as a member of the Audit Committee as
financial expert, Compensation Committee as well as Nominating and
Governance Committee. He has significant leadership experience in
the insurance and technology industry and is the principal of Earl
Gallegos Management Corporation, a management consulting firm
specializing in the insurance and software industries. In addition,
Mr. Gallegos was a founder of Peak Performance Solutions Inc., a
privately held insurance technology firm. Mr. Gallegos has
previously served as a director of Fidelity National Real Estate
Solutions, formerly a public company that specialized in real
estate and banking technology, Zytalis Inc., a privately held
information technology professional services firm, Bridium, Inc., a
privately held technology firm, and PracticeOne, Inc., a privately
held medical practice management software company.
“We are happy to have Earl as our next Chairman,” said Shah. “In
addition to serving as a Cover-All board director since 1997, he
has a wealth of insurance and technology industry experience, as
well as financial expertise. I look forward to working closely with
him.”
“I am proud to have been associated with Cover-All as a director
for so many years, and I now look forward to chairing the Cover-All
board and in assisting in building shareholder value,” said Earl
Gallegos. “I believe our technology platform is unparalleled in the
industry and I am energized by our growth opportunities.”
About Cover-All Technologies
Cover-All provides P/C insurance professionals a robust
state-of-the-art, browser-based family of Policy, Business
Intelligence, and Claims solutions designed to deliver products to
market faster, enhance quality, ensure compliance, and reduce
costs. With offices in Morristown, NJ and Honolulu, Cover-All
continues its tradition of developing technology solutions designed
to revolutionize the way P/C insurance business is conducted.
Additional information is available online at
www.cover-all.com.
Forward-looking Statements
Statements in this press release, other than statements of
historical information, are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks which may cause the
Company’s actual results in future periods to differ materially
from expected results. Those risks include, among others, risks
associated with increased competition, customer decisions, the
successful completion of continuing development of new products,
the successful negotiations, execution and implementation of
anticipated new software contracts, the successful implementation
of our acquisition strategies and our ability to complete or
integrate acquisitions, the successful addition of personnel in the
marketing and technical areas, our ability to complete development
and sell and license our products at prices which result in
sufficient revenues to realize profits and other business factors
beyond the Company’s control. Those and other risks are described
in the Company’s filings with the Securities and Exchange
Commission (“SEC”) over the last 12 months, including but not
limited to the Company’s Annual Report on Form 10-K for the year
ended December 31, 2012, filed with the SEC on March 29, 2013,
copies of which are available from the SEC or may be obtained upon
request from the Company.
Cover-All:Ann Massey, 973-461-5190Chief Financial
Officeramassey@cover-all.com