Volt Information Sciences Announces Planned CFO Departure
16 Gennaio 2015 - 2:00PM
Business Wire
Volt Information Sciences, Inc. (NYSE-MKT:VISI) today announced
that James Whitney Mayhew, Senior Vice President and Chief
Financial Officer, has decided to step down from his position for
personal reasons. Mr. Whitney will be leaving Volt after a 60-day
transition period ending March 20, 2015. The company will initiate
a formal search for his successor.
“Jim has played an instrumental role in helping us execute on
our strategic priorities and create a more highly focused and
profitable Volt,” said Ron Kochman, President and Chief Executive
Officer. “During Jim's tenure, the company has made substantial
progress in strengthening our financial controls and in achieving
significant milestones in our financial turnaround plan, including
the completion of the multi-year restatement and our move to the
NYSE-MKT exchange. He has also built a very strong finance team,
one that will continue to benefit the company for years to come. On
behalf of the Board of Directors and the entire company, I want to
thank Jim for his service and extend him our best wishes for this
new chapter in his life.”
“It has been an incredibly rewarding experience to be a part of
Volt’s transformation,” said Mr. Whitney. “I believe the company’s
solid financial foundation positions Volt very well for continued
improvement and strong performance. While the past five years have
been challenging for the company, we have made significant progress
in improving profitability and focusing the business. This included
divesting non-core software businesses and restructuring our core
staffing business. I am confident that Volt’s talented and
experienced management team will deliver continued success.”
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,
telecommunication infrastructure and security services, and
telephone directory publishing and printing in Uruguay. 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.
Volt Information Sciences, Inc.James Whitney,
212-704-7921voltinvest@volt.com
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