Exela Technologies Promotes Suresh Yannamani to CEO – Exela Technologies BPA
July 12 2022 - 3:38PM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP) today
announced the promotion of Suresh Yannamani to Chief Executive
Officer, Exela Technologies BPA, LLC, a subsidiary of Exela.
Suresh’s promotion is part of the plans underway since last year
including the appointment of several presidents of business units
within our accounting segments. Some of these appointments were
from within our ranks and some were from the industry. In this
position, Suresh will report to the Executive Chairman and will be
responsible for driving Exela BPA’s global business along with the
current leadership team.
Our business is continuously evolving, and this strategic step
is part of our mission to grow profitable revenue, solutions and
services across all markets, for industries we serve globally,
leveraging our growing leadership in data science, analytics,
hyper-automation and technology in bills and payments (XBP) and
Healthcare.
Suresh’s passion for the industry, commitment to his colleagues,
and drive to deliver excellence for our customers will help Exela
further its reach and create value for all of our stakeholders.
Suresh has held a number of roles of progressively expanding
responsibility since the mid-90’s in the predecessor companies of
Exela and Exela looks forward to his role as CEO.
For more Exela news, commentary, and industry
perspectives,
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The information posted on the Company's website and/or via its
social media accounts may be deemed material to investors.
Accordingly, investors, media and others interested in the Company
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings
and public conference calls and webcasts.
About Exela TechnologiesExela Technologies is a
business process automation (BPA) leader, leveraging a global
footprint and proprietary technology to provide digital
transformation solutions enhancing quality, productivity, and
end-user experience. With decades of experience operating
mission-critical processes, Exela serves a growing roster
of more than 4,000 customers throughout 50 countries, including 60%
of the Fortune® 100. Utilizing foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry, departmental solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and the public sector. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and approximately 17,000
employees operating in 23 countries, Exela rapidly
deploys integrated technology and operations as an end-to-end
digital journey partner.
Forward-Looking StatementsCertain statements included in this
press release are not historical facts but are forward-looking
statements for purposes of the safe harbor provisions under The
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "may",
"should", "would", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", "seem", "seek", "continue",
"future", "will", "expect", "outlook" or other similar words,
phrases or expressions. These forward-looking statements include
statements regarding our industry, future events, estimated or
anticipated future results and benefits, future opportunities
for Exela, and other statements that are not historical facts.
These statements are based on the current expectations
of Exela management and are not predictions of actual
performance. These statements are subject to a number of risks and
uncertainties, including without limitation those discussed under
the heading "Risk Factors" in Exela's Annual Report and
other securities filings. In addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:Vincent
KondaveetiE: vincent.kondaveeti@exelatech.com
Mary Beth BenjaminE: IR@exelatech.com
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