ScanSource, Inc. Announces Retirement of Director James Foody
17 9월 2010 - 5:30AM
Business Wire
ScanSource®, Inc. {NASDAQ: SCSC}, the leading international
value-added distributor of specialty technology products, announced
today that James G. Foody has informed the Company of his decision
to retire as a director of the Company effective at the conclusion
of his present term in December 2010. Mr. Foody has served with
distinction as a director of the Company for the last 15 years,
including service as Chairman of the Board from December 2005 to
December 2009. Mr. Foody also served on and chaired numerous Board
committees, most recently as Chairman of the Governance Committee
and as a member of the Audit, Compensation and Nominating
Committees. Mr. Foody’s tenure coincided with a period of strong
growth and diversification for ScanSource during which it
successfully expanded into new geographies and product lines.
Mr. Foody, 80, is retiring from the Board as part of an effort
to scale back his business activities. The Board does not have any
immediate plans to fill Mr. Foody’s seat on the Board, and the size
of the Company’s board will be reduced to five members following
Mr. Foody’s retirement. Mr. Foody will retain his honorary role of
Chairman Emeritus and continue to be available in an advisory
capacity.
“It has been a great honor to be a part of the ScanSource team.
With the strong foundation and leadership currently in place at the
Company, I felt that this was the right time for me to step away
and focus on my family and other commitments. I want to thank Mike
Baur, Steve Owings, my fellow directors, and all ScanSource
employees, shareholders, customers and partners, past and present,
for all of their support over the past 15 years,” said Mr.
Foody.
“On behalf of our shareholders, directors and the entire
ScanSource management team, I thank Jim for his years of dedicated
service and leadership to ScanSource,” said Mike Baur, Chief
Executive Officer, ScanSource, Inc. “Jim’s support has been
invaluable in building ScanSource into what it is today, and we
wish him well in his retirement.”
About ScanSource, Inc.
ScanSource®, Inc. {NASDAQ:SCSC} is the leading international
distributor of specialty technology products, consisting of seven
sales units in North America, Latin America and Europe. ScanSource
POS and Barcoding in North America, Latin America and Europe
delivers AIDC and POS solutions; Catalyst Telecom® in the US, and
ScanSource Communications in North America and Europe, provide
voice, video and converged communications equipment; and ScanSource
Security in North America offers physical security solutions.
Founded in 1992, the company ranks #881 on the Fortune 1000. For
more information, call the toll-free sales telephone number at
800.944.2432 or visit www.scansourceinc.com.
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