GSE Systems Appoints Audit Industry Veteran, Jim Stanker, to Its Board of Directors
August 08 2016 - 9:00AM
Business Wire
GSE Systems, Inc. (“GSE” or “the Company”) (NYSE
MKT:GVP), the world leader in real-time high-fidelity
simulation systems and training solutions to the power and process
industries, today announced that its Board of Directors has
appointed Jim Stanker as a Class I Director and member of the Audit
Committee, effective August 8, 2016. With Mr. Stanker’s addition,
GSE’s Board has increased to seven directors, including five
independent members.
Mr. Stanker brings to GSE’s Board more than 30 years of
strategic audit expertise and financial leadership with
multinational corporations in the technology, manufacturing and
commercial product industries. Most recently, he concluded a
sixteen year career at Grant Thornton LLP, where he served in
various leadership capacities, including audit partner,
professional practice director for the Atlantic Coast market, and
global head of audit quality for the firm’s international
organization. Prior to Grant Thornton, Mr. Stanker served terms as
the Chief Financial Officer of a NASDAQ-listed technology company
and the Chief Financial Officer of a privately-held life science
startup. He started his career as an auditor with Touche Ross in
the early 1980s.
Mr. Stanker earned a Master of Business Administration from
California State University, East Bay and a BS degree in
Aeronautics from San Jose State University. He is a licensed
Certified Public Accountant (CPA) in Maryland, Virginia, and
Washington, D.C., and received the global management accounting
designation from the American Institute of CPAs (AICPA).
Kyle Loudermilk, GSE’s President and Chief Executive Officer,
said, “We welcome Jim to the Board of Directors and look forward to
benefiting immediately from his expertise in corporate governance,
strategic financial management and best practices in corporate
controls. His substantial auditing and financial expertise will
help us immensely in this next phase of our growth journey.”
Mr. Stanker commented, “GSE’s proven simulation and training
technology platform provides an excellent foundation for future
growth. I am honored to join the other highly-qualified members of
GSE’s Board and look forward to helping them guide management
during the ongoing transformation and growth of the business.”
ABOUT GSE SYSTEMS,
INC.
GSE Systems, Inc. is a world leader in real-time high-fidelity
simulation, providing a wide range of simulation, training and
engineering solutions to the power and process industries. Its
comprehensive and modular solutions help customers achieve
performance excellence in design, training and operations. GSE’s
products and services are tailored to meet specific client
requirements such as scope, budget and timeline. The Company has
over four decades of experience, more than 1,100 installations, and
hundreds of customers in over 50 countries spanning the globe. GSE
Systems is headquartered in Sykesville (Baltimore), Maryland, with
offices in St. Marys, Georgia; Huntsville, Alabama; Chennai, India;
Nyk�ping, Sweden; Stockton-on-Tees, UK; and Beijing, China.
Information about GSE Systems is available at www.gses.com.
FORWARD LOOKING
STATEMENTS
We make statements in this press release that are considered
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. These statements reflect our
current expectations concerning future events and results. We use
words such as “expect,” “intend,” “believe,” “may,” “will,”
“should,” “could,” “anticipate,” and similar expressions to
identify forward-looking statements, but their absence does not
mean a statement is not forward-looking. These statements are not
guarantees of our future performance and are subject to risks,
uncertainties, and other important factors that could cause our
actual performance or achievements to be materially different from
those we project. For a full discussion of these risks,
uncertainties, and factors, we encourage you to read our documents
on file with the Securities and Exchange Commission, including
those set forth in our periodic reports under the forward-looking
statements and risk factors sections. We do not intend to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160808005603/en/
GSE Systems, Inc.Chris Sorrells, 410-970-7802Interim Chief
Operating OfficerorThe Equity Group Inc.Devin Sullivan,
212-836-9608Senior Vice Presidentdsullivan@equityny.comorKalle Ahl,
CFA, 212-836-9614Senior Associatekahl@equityny.com
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