Rocco Campanelli Retires; To be Consultant to Company, Bradley S. Vizi Becomes Executive Chairman of the Board, Company Names...
June 04 2018 - 4:05PM
RCM Technologies, Inc. (NasdaqGM:RCMT), a premier provider of
business and technology solutions designed to enhance and maximize
the operational performance of its customers through the adaptation
and deployment of advanced engineering, information technology and
specialty health care services, today announced a leadership change
for the Company.
Rocco Campanelli, President and CEO of RCM
Technologies, Inc., has retired effective June 1, 2018. He will
continue to assist the Company as an advisor and consultant to
ensure an effective management transition while working as a key
liaison with customers and offering assistance in business
development activities.
As a result of Mr. Campanelli’s retirement, Bradley
S. Vizi has been elected by the Board to become the Company’s
Executive Chairman.
Mr. Vizi has served as the Company’s Chairman of
the Board since September 1, 2015 and has been a member of the
Board since December 2013. Mr. Vizi founded Legion Partners
Management, Inc. in 2010 and Legion Partners Asset Management, LLC
in 2012, where he served as Managing Director and Portfolio Manager
until October 2017. Mr. Vizi is also a member of the Board of
Directors at L.B. Foster (NASDAQ:FSTR).
Mr. Vizi commented: “We thank Rocco for his 23
years of service with RCM, the last four as CEO. We appreciate his
contributions over the years and are pleased he will be available
as a special advisor/consultant to me and the senior management
team.”
Mr. Vizi announced that the Company’s three
operating businesses will now be led by a Division President, each
of whom will report directly to him:
- Frank Petraglia, formerly Senior Vice President, Energy
Services, will become Division President -- Engineering
Services.
- Michael Saks, formerly Senior Vice President, Health Care
Services, will become Division President -- Health Care
Services.
- Michael Boyle, formerly Senior Vice President, Information
Technology, will become Division President -- Information
Technology Services.
Kevin Miller, the Company’s Chief Financial
Officer, will also report to the Executive Chairman.
“The change in leadership structure is designed to
better position the Company to serve its diverse clients. It is not
expected to change day-to-day operations,” commented Mr. Vizi. “We
are excited about the progress of our division leaders and the
Board believes the announced restructuring of management will
position the Company to accelerate growth and maximize long-term
value for shareholders.”
Mr. Campanelli added: “I’m proud of our
accomplishments at RCM. I look forward to continuing to
support RCM as a consultant going forward.”
Roger H. Ballou, a current member of the Board,
will serve as the Board’s Lead Independent Director.
About RCMRCM Technologies, Inc. is
a premier provider of business and technology solutions designed to
enhance and maximize the operational performance of its customers
through the adaptation and deployment of advanced information
technology and engineering services. RCM is an innovative
leader in the delivery of these solutions to commercial and
government sectors. RCM is also a provider of specialty
healthcare services to major health care institutions and
educational facilities. RCM’s offices are located in major
metropolitan centers throughout North America. Additional
information can be found at www.rcmt.com.
The Statements contained in this release that are
not purely historical are forward-looking statements within the
Private Securities Litigation Reform Act of 1995 and are subject to
various risks, uncertainties and other factors that could cause the
Company’s actual results, performance or achievements to differ
materially from those expressed or implied by such forward-looking
statements. These statements often include words such as
“may,” “will,” “expect,” “anticipate,” “continue,” “estimate,”
“project,” “intend,” “believe,” “plan,” “seek,” “could,” “can,”
“should,” “are confident” or similar expressions. In
addition, statements that are not historical should also be
considered forward-looking statements. These statements are based
on assumptions that we have made in light of our experience in the
industry, as well as our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate in these circumstances.
Forward-looking statements include, but are not limited to, those
relating to the changes in the leadership structure of the Company
and its effects on the Company’s operations going forward.
Such statements are based on current expectations that
involve a number of known and unknown risks, uncertainties and
other factors, which may cause actual events to be materially
different from those expressed or implied by such forward-looking
statements. Risk, uncertainties and other factors may emerge
from time to time that could cause the Company’s actual results to
differ from those indicated by the forward-looking statements.
Investors are directed to consider such risks, uncertainties and
other factors described in documents filed by the Company with the
Securities and Exchange Commission, including our most recent
Annual Report on Form 10-K and subsequent Quarterly Reports on Form
10-Q. The Company assumes no obligation (and expressly disclaims
any such obligation) to update any forward-looking statements
contained in this release as a result of new information or future
events or developments, except as may be required by law.
Tel:
856.356.4500 |
Corporate
Contacts: |
Fax: 856.356.4600 |
Bradley S.
Vizi |
info@rcmt.com |
Executive Chairman |
www.rcmt.com |
Kevin
D. Miller |
|
Chief Financial
Officer |
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