ScanSource Announces Retirement of Board Chairman, Steve Fischer
February 05 2019 - 9:10AM
Business Wire
ScanSource, Inc., (NASDAQ:SCSC), a leading global provider of
technology products and solutions, today announced the retirement
of Steven R. Fischer, Chairman of the Board, effective February, 1,
2019. Chief Executive Officer Mike Baur has been appointed to the
additional role of Chairman of the Board, and Peter Browning has
been appointed Lead Independent Director.
Mr. Fischer joined the ScanSource Board of Directors in 1995 and
has served as Chairman since 2009. During his 23 years of service,
ScanSource grew from $2.4 million in annual net sales to more than
$3.8 billion in annual net sales and currently ranks #653 on the
Fortune 1000. Mr. Fischer brought invaluable experience and
guidance, extensive financial skills, and exceptional management
expertise to ScanSource and the Board.
“I am grateful for the opportunity I had to serve on the Board
of Directors and to be a part of ScanSource’s tremendous growth and
success over the years. I am also thankful for the experience of
serving with, and leading, my colleagues on the Board, whom I
greatly admire and respect. I have the utmost confidence that
ScanSource’s management team and Board of Directors will be able to
realize even greater success in the future,” said Fischer.
Mike Baur commented on Mr. Fischer’s retirement, “On behalf of
the ScanSource family, I want to thank Steve for his many years of
service on our Board and especially for his leadership as our
Chairman. I greatly appreciate the dedicated support from our Board
members under Steve’s Chairmanship. His contributions to our Board
have significantly influenced ScanSource’s growth and achievements.
We will greatly miss Steve. All of us here at ScanSource thank him
for his years of service, and wish him and his family all the
best.”
Peter Browning provides strong leadership continuity for
ScanSource as the Company’s Lead Independent Director. He has been
a member of the Board of Directors of ScanSource since May 6, 2014,
and serves as Chair of the Compensation Committee. “Peter Browning
will be a terrific Lead Independent Director for our Board of
Directors,” said Baur. “During his time on our Board, Peter has
developed a deep knowledge of ScanSource and our industry. He has
the respect of our Board, our management team and our stakeholders
and will provide a smooth transition for our Board leadership.”
Mr. Browning is the founder and Managing Director of Peter
Browning Partners, LLC, a board advisory service and has served on
the board of directors of fourteen publicly traded companies. In
that time, he has been Chairman and CEO; CEO; non-executive chair;
lead director; and chair of audit, compensation, and
governance/nominating committees.
About ScanSource, Inc.
ScanSource, Inc. (NASDAQ:SCSC) is a leading global provider of
technology products and solutions, focusing on point-of-sale (POS),
payments, barcode, physical security, unified communications and
collaboration, cloud and telecom services. ScanSource's teams
provide value-added solutions and operate from two segments,
Worldwide Barcode, Networking & Security, which includes POS
Portal, and Worldwide Communications & Services, which includes
Intelisys and Canpango. ScanSource is committed to helping its
customers choose, configure and deliver the industry's best
solutions across almost every vertical market in North America,
Latin America and Europe. Founded in 1992 and headquartered in
Greenville, South Carolina, ScanSource was named one of the 2018
Best Places to Work in South Carolina and on FORTUNE magazine’s
2019 List of World’s Most Admired Companies. ScanSource ranks #653
on the Fortune 1000. For more information, visit
www.scansource.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190205005580/en/
Melissa Andrews864.286.4425ScanSource,
Inc.melissa.andrews@scansource.com
ScanSource (NASDAQ:SCSC)
Historical Stock Chart
From Aug 2024 to Sep 2024
ScanSource (NASDAQ:SCSC)
Historical Stock Chart
From Sep 2023 to Sep 2024