CTG Announces CEO Bud Crumlish’s Retirement; Filip Gydé to Become CEO in March 2019
December 20 2018 - 6:55AM
CTG Announces CEO Bud Crumlish’s Retirement; Filip Gydé to Become
CEO in March 2019
CTG (NASDAQ: CTG), a leading provider of
information technology (IT) solutions and services in North America
and Western Europe, today announced that Arthur W. (“Bud”)
Crumlish, the Company’s President and Chief Executive Officer, has
decided to retire, effective March 1, 2019, after a remarkable
28-year career with the Company. The Board of Directors has
unanimously selected Filip J.L. Gydé to succeed Mr. Crumlish as
CTG’s President and Chief Executive Officer, effective March 1,
2019. Mr. Gydé will also serve as a member of the Company’s Board
of Directors.
“It has been a privilege to serve CTG for nearly three decades,”
said Mr. Crumlish. “The Company has made solid progress towards our
three-year strategic plan and is in a strong financial position
which makes this the right time for me to retire. I am delighted
that the Board has appointed Filip as the next CEO. He is a
seasoned IT services veteran with an outstanding track record
leading our European operations and is well equipped to move CTG
forward in the coming years.”
Under Mr. Crumlish’s leadership, CTG has made significant
progress across the organization. Since the end of 2016, the
Company’s revenue has increased in excess of 10%, and the Company
has made strong improvements in its profitability.
“Bud has had a tremendous impact on our leadership team and has
been a key contributor to our revenue and profit improvement,” said
Daniel Sullivan, Chairman of CTG’s Board of Directors. “He has
reshaped the Company’s strategy, made important investment in sales
leadership, and supported our success in Europe. Bud developed
close relationships with our largest clients and has been largely
responsible for their significant growth. He will be missed by
clients, employees, and shareholders alike. On behalf of CTG’s
entire Board, I want to sincerely thank Bud for his many
contributions to the Company over these many years and wish him the
best in retirement. Looking forward, given the Company’s solid
growth and momentum in its European operations, there is no one
better positioned than Filip to become our next CEO and to lead CTG
into the future.”
Mr. Gydé has been with CTG since October 1990 and currently
serves as the Executive Vice President, General Manager and
President for CTG’s European operations. He has led our European
operations since October 2000 and served as Interim Executive Vice
President of Operations of CTG from October 15, 2014 until April 5,
2015, during which time he was responsible for overall company
operating activities.
“I’m honored that the Board of Directors has asked me to serve
as CTG’s CEO,” said Mr. Gydé. “I join the Board of Directors in
thanking Bud for his many years of service, and I look forward to
working with the CTG leadership team to continue to execute on our
strategic plan.”
ABOUT CTGCTG provides industry-specific IT
services and solutions that address the business needs and
challenges of clients in high-growth industries in North America
and Western Europe. CTG also provides strategic staffing services
for major technology companies and large corporations. Backed by
more than 50 years of experience and proprietary methodologies, CTG
has a proven track record of reliably delivering high-value,
industry-specific staffing services and solutions to its clients.
CTG has operations in North America, Western Europe, and India. CTG
regularly posts news and other important information online
at www.ctg.com.
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