– USA, CO – Ciber, Inc. (NYSE:CBR), a leading global information technology consulting, services and outsourcing company, today announced the nomination of Mark Lewis as a new independent director for election at Ciber’s 2015 Annual Meeting of Stockholders. Mr. Lewis will be nominated together with incumbent director Richard Coleman as Class III directors. In connection with the nominations, Ciber has reduced the size of the Board of Directors from nine to eight directors. In light of the recent changes to the Board, including the nomination of Mr. Lewis and re-nomination of Mr. Coleman, Lone Star Value Investors, LP and its affiliates (“Lone Star Value”) has withdrawn its nomination of directors to the Board.
Mr. Lewis, 51, brings more than 25 years of software and technology experience to the Ciber Board. He currently serves as Co-Founder, Chairman and Chief Executive Officer of Formation Data Systems, Inc., a provider of enterprise storage and data management software solutions, and a senior advisor to Silver Lake, a technology company investment firm. Prior to founding Formation Data Systems, Mr. Lewis served in various senior executive roles at EMC Corporation. He also serves on the Board of Riverbed Technologies.
Mr. Coleman joined the Ciber Board as a new independent director in April 2014 pursuant to a settlement agreement reached between Ciber and Lone Star Value. Mr. Coleman has deep experience serving in senior executive positions and on various public company boards, and possesses extensive expertise in business development and operations. He currently serves as President and Chief Executive Officer of Crossroads Systems, Inc., a global provider of data archive solutions, where he also serves as a director. Mr. Coleman is also the founder and President of Rocky Mountain Venture Services, a firm that helps companies plan and launch new business ventures and restructuring initiatives. Mr. Coleman has served in a variety of senior operational roles, including CEO of Vroom Technologies Inc., Chief Operating Officer of MetroNet Communications, and President of US West Long Distance. He also serves on the Board of Hudson Global, Inc.
On April 1, 2015, Ciber announced that its Board adopted a plan to enhance the overall composition of the Board by seeking to add three new independent directors, and Mr. Lewis’ nomination marks the first of the new directors. The Board is continuing to actively recruit new candidates and has engaged a leading executive search firm to help identify strong nominees.
“We are extremely pleased to have Mark join as a new independent director and to re-nominate Rick to the Ciber Board,” said Bobby G. Stevenson, founder of Ciber. “Mark and Rick are distinguished and highly respected executives with deep technology expertise. The perspective they add to our Board will be invaluable as we continue to work to enhance shareholder value.”
In connection with the changes to the Board, Lone Star Value, which owns approximately 3.4% of the Company’s outstanding shares, has notified the Company that it has withdrawn its slate of director nominees for the 2015 Annual Meeting. Lone Star Value has informed the Board that it intends to vote its shares for the Board’s director nominees at the Annual Meeting.
Jeffrey E. Eberwein, founder of Lone Star Value, said, “We are pleased that our involvement at Ciber has contributed to a positive change to the Board’s composition and we fully support the addition of new independent directors to the Board and believe all shareholders will benefit from the fresh perspective and experience that new directors like Mark will bring. We have tremendous confidence in Ciber’s CEO, Michael Boustridge, and the work he is doing to transform Ciber. The Company’s restructuring plan is delivering improved results, as evidenced by its fourth quarter 2014 results, and we look forward to Ciber’s management team and Board further enhancing shareholder value.”
Vinson & Elkins LLP and Bryan Cave LLP served as legal advisor to Ciber. Olshan Frome Wolosky LLP served as legal advisor to Lone Star Value.
About Mark Lewis
Since September 2012, Mr. Lewis has been the Chairman and CEO of Formation Data Systems, a data services platform for web-scale cloud computing, as well as a senior advisor to Silver Lake, a technology company investment firm. Mr. Lewis served as Chief Strategy Officer for the Information Infrastructure Products Business of EMC Corporation, an information infrastructure technology and solutions company, from October 2010 to February 2012. Mr. Lewis’ prior roles at EMC included President of the Content Management and Archiving Division, Chief Development Officer, Chief Technology Officer and co-leader of the EMC Software Group. Mr. Lewis joined EMC in July 2002 from Hewlett-Packard/Compaq, where he was Vice President and General Manager of Compaq’s Enterprise Storage Group. From 1998 to 1999, Mr. Lewis led Compaq’s Enterprise Storage Software Business after serving for two years as Director of Engineering for Multi Vendor Online Storage. Before that, he spent 13 years in storage-related engineering and product development at Digital Equipment Corporation, a computer manufacturing company. Mr. Lewis has served on the Board of Riverbed Technologies since February 2010. He holds a B.S. in Mechanical Engineering from University of Colorado, Boulder. He has studied Business Law, Marketing, and Accounting for an MBA at University of Colorado, Colorado Springs, and he attended the Executive Education Program at the Harvard Business School.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
Comments are closed.