Ron Kochman Resigns as CEO of Volt Information Sciences; Michael Dean Named Interim President and CEO
June 25 2015 - 4:18PM
Business Wire
Volt Information Sciences, Inc. (NYSEMKT:VISI), a leading
provider of customized talent, technology and consulting solutions,
announced today that Ron Kochman has resigned, effective
immediately, as President and Chief Executive Officer to pursue
other opportunities.
The Board of Directors has appointed Michael Dean, Volt’s
current Chairman, as Interim President and CEO. Mr. Dean will
continue to serve as Chairman.
“I want to thank Ron for his many years of dedicated service and
contributions to the company, and I wish him all the best in his
future endeavors,” said Mr. Dean. “I am looking forward to working
closely with the very talented team at Volt to move the company
forward by focusing on executing strategic initiatives, top line
growth and margin improvement during this period. Volt is a
well-established company and brand in a growth industry, and I am
excited about the company’s future prospects.”
Mr. Dean joined Volt’s board as chairman in May 2015. He was
most recently the CEO and on the board of Nature’s Sunshine
Products, Inc., where he revitalized the global health and wellness
company and returned it to growth. Prior to that, Mr. Dean was CEO
of Mediaur Technologies, Inc., a privately held satellite
technology company that provides proprietary antenna system
solutions for commercial and government applications. Before that,
Mr. Dean was Executive Vice President of ABC Cable Networks Group,
a multi-billion dollar global division of The Walt Disney Company,
where he ran all of the division’s non-creative operations
including Affiliate Sales and Marketing, Finance, Legal,
Broadcasting Operations, IT, Human Resources, and Business
Development. Before Disney, Mr. Dean was a strategy consultant with
Bain & Company. He holds an MBA from the Harvard Business
School.
On behalf of the Board, John Rudolf stated, “We are fortunate to
have an executive of Michael’s caliber step in to lead the company.
Michael’s many years of leadership experience will be invaluable to
us, and will ensure a smooth transition period.”
Mr. Kochman stated “I am very proud of my time with the company
and my accomplishments as its CEO. It has been my pleasure to work
with the team and I am confident that the company is
well-positioned for future growth as it continues to execute on its
business plan.”
About Volt Information Sciences, Inc.
Volt Information Sciences, Inc. is an international provider of
staffing services (traditional time and materials based as well as
project based), information technology infrastructure services, and
telecommunication infrastructure and security services. Our
staffing services consist of workforce solutions that include
providing contingent workers, personnel recruitment services, and
managed staffing services programs supporting primarily
professional administration, technical, information technology and
engineering positions. Our project-based staffing assists with
individual customer assignments as well as customer care call
centers and gaming industry quality assurance testing services, and
our managed service programs consist of managing the procurement
and on-boarding of contingent workers from multiple providers. Our
information technology infrastructure services provide server,
storage, network and desktop IT hardware maintenance, data center
and network monitoring and operations. For more information, visit
www.volt.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to a number of known and unknown risks, including, among
others, general economic, competitive and other business
conditions, the degree and timing of customer utilization and rate
of renewals of contracts with the Company, and the degree of
success of business improvement initiatives that could cause actual
results, performance and achievements to differ materially from
those described or implied in the forward-looking statements.
Information concerning these and other factors that could cause
actual results to differ materially from those in the
forward-looking statements are contained in Company reports filed
with the Securities and Exchange Commission. Copies of the
Company's latest Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q, as filed with the Securities and
Exchange Commission, are available without charge upon request to
Volt Information Sciences, Inc., 1065 Avenue of the Americas, New
York, New York 10018, Attention: Shareholder Relations,
212-704-7921. These and other SEC filings by the Company are also
available to the public over the Internet at the SEC's website at
http://www.sec.gov and at the company's website at
http://www.volt.com in the Investor & Governance section.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625006328/en/
Muirfield PartnersMickey Mandelbaum,
310-785-0810mickey@muirfieldpartners.com
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