Ron Kochman Resigns as CEO of Volt Information Sciences; Michael Dean Named Interim President and CEO
NEW YORK--(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.
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.
Mickey Mandelbaum, 310-785-0810
Source: Volt Information Sciences, Inc.
Released June 25, 2015