PRGX Global, Inc. Announces Appointment of New Vice President of Client Services & Business Development
November 27 2017 - 4:13PM
PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit
and Spend Analytics services, today announced that Jan Rudnick has
been named Vice President, Client Services & Business
Development for the Asia-Pacific region, responsible for driving
new business and expanding existing client relationships in the
Asia-Pacific region. Prior to joining PRGX, Mr. Rudnick was
Managing Partner for ADAPT Ventures, formerly SE Corp., an
Australia-based advisory firm. Before ADAPT, Mr. Rudnick served as
a Strategic Account Manager for GDS International. Mr.
Rudnick began his career as a Business Analyst at McKinsey &
Company.
“We are excited to have Jan join the team and leverage his
strong C-Suite network across the Asia-Pacific region,” said Daryl
Rolley, Senior Vice President and Chief Commercial Officer.
In connection with Mr. Rudnick’s employment,
on November 20, 2017, the Company granted equity awards
to Mr. Rudnick consisting of options to purchase 15,000
shares of the Company's common stock. The options will vest in
equal one-third increments on each of November 20,
2018, November 20, 2019, and November 20, 2020,
subject to Mr. Rudnick’s continued employment with the
Company. The options have an exercise price of $7.40 per
share. The options will vest in full in the event of a change in
control of the Company, provided Mr. Rudnick remains continuously
employed by the Company until such event.
The grants were approved by the compensation committee of the
Company's board of directors, which committee is comprised solely
of independent directors, and were granted as an inducement
material to Mr. Rudnick entering into employment with the Company
in accordance with Nasdaq Listing Rule 5635(c)(4).
About PRGXPRGX Global, Inc. is
a global leader in Recovery Audit and Spend Analytics
services. With over 1,500 employees, the Company serves
clients in more than 30 countries and provides its services to 75%
of the top 20 global retailers and over 30% of the top 50 companies
in the Fortune 500. PRGX delivers more than $1 billion in cash flow
improvement for its clients each year. The creator of the
recovery audit industry more than 40 years ago, PRGX continues to
innovate through technology and expanded service offerings.
In addition to Recovery Audit, the Company provides Contract
Compliance, Spend Analytics and Supplier Information Management
services to improve clients’ financial performance and manage risk.
For additional information on PRGX, please visit
www.prgx.com.
Forward-Looking StatementsIn
addition to historical information, this press release includes
certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
include both implied and express statements regarding the Company's
overall condition and growth prospects, the Company’s execution of
its transformation strategy, and the Company’s investments in, and
opportunities associated with, its growth platforms, including its
analytics and supplier information services businesses. Such
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the
Company to differ materially from the historical results or from
any results expressed or implied by such forward-looking
statements. Risks that could affect the Company's future
performance include revenue that does not meet expectations or
justify costs incurred, the Company's ability to develop material
sources of new revenue in addition to revenue from its core
recovery audit services, changes in the market for the Company's
services, the Company's ability to retain and attract qualified
personnel, the Company's ability to integrate recent and future
acquisitions, uncertainty in the credit markets, the Company's
ability to maintain compliance with its financial covenants, client
bankruptcies, loss of major clients, and other risks generally
applicable to the Company's business. For a discussion of other
risk factors that may impact the Company's business, please see the
Company's filings with the Securities and Exchange Commission,
including its Form 10-K filed on March 16, 2017. The Company
disclaims any obligation or duty to update or modify these
forward-looking statements
This news release was distributed by
GlobeNewswire, www.globenewswire.com
CONTACT: PRGX Global, Inc.Daryl Rolley, Senior Vice President
and Chief Commercial Officer 770.779.3900600 Galleria Parkway,
Suite 100 Atlanta, GA 30339
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