Press Release
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| Insight Initiates Search for New President and Chief Executive Officer |
Anthony A. Ibargüen Appointed Interim President and CEO Company Reiterates Full-Year 2009 Outlook
“Over the past several years, our Company has been successful in
expanding our global footprint, diversifying our revenue streams and
increasing the value-added services in our portfolio, all while
integrating several large acquisitions," said
The Company also announced that its Board has appointed Anthony A.
Ibargüen as interim President and Chief Executive Officer, effective
immediately. Mr. Ibargüen, who has been a director of the Company since
“Tony has been a great addition to our Board over the last year and we are pleased he has also agreed to lead the Company on an interim basis,” Mr. Crown said. “He is a proven business leader with tremendous industry experience.”
The Company also announced that it is on track to meet its previously
published forecast for diluted earnings per share from continuing
operations of “We are confident that Insight is well positioned for success,” Mr. Crown said. “Insight’s next President and Chief Executive Officer will lead a company with a sound business strategy, talented teammates and deep partner and client relationships. Going forward, our focus will be on improving shareholder value through consistent and timely execution of the strategy and increasing the organic growth in our business.” Noting Mr. Fennessy’s many years of leadership and dedication to Insight, Mr. Crown recognized Mr. Fennessy’s instrumental role in helping the Company become a trusted advisor to its clients by helping them enhance their business performance through innovative technology solutions. He also led the efforts to expand the company’s global reach, broaden its service offerings, and bring Insight into the Fortune 500 rankings. “We want to thank Rich for his dedication and service to Insight,” he stated. “We wish him well in his future endeavors.” Conference Call
The Company will host a conference call today, About Insight
Forward Looking Information
Certain statements in this release are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include statements about the Company’s full year
2009 financial results, market position, opportunities for the Company
in the market, recovery in the overall economy and growth. Many factors
could affect the actual future results of operations, and actual results
could differ materially from those set forth in, contemplated by, or
underlying forward-looking statements. Some of the important factors
that could cause actual results to differ materially from those
projected in any of the forward-looking statements, include, but are not
limited to, risks, uncertainties and assumptions including: the search
for a successor president and chief executive officer; assumptions
related to current market position and opportunities for growth;
assumptions relating to the information technology industry and/or the
economic environment; actual severance and restructuring costs; expenses
related to the restatement and related litigation; and other risk
factors that are described in “Risk Factors” in Part I, Item 1A of our
Annual Report on Form 10-K for the year ended Source:
Insight Enterprises, Inc., Tempe |