00:51:46 EDT Wed 19 Jun 2019
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Pivot Technology Solutions Inc (2)
Symbol C : PTG
Shares Issued 39,622,043
Close 2019-04-12 C$ 1.20
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Pivot Technology appoints Formant as director

2019-04-15 09:56 ET - News Release

Mr. Kevin Shank reports


Pivot Technology Solutions Inc. has appointed Christopher Formant, a senior business and technology industry executive, to its board of directors, effectively immediately.

Over his distinguished 35-year career, Mr. Formant has served in leadership positions at large and mid-sized companies. Most recently, he was president of Verizon Enterprise Solutions, where he was responsible for Verizon's $20-billion advanced technology and business solutions business for global enterprise and government customers. From 2008 to 2013, he held several positions, including president of Avaya Global Services, a business-to-business digital communications company, where he was responsible for the $2.5-billion services business and a $900-million government business. Earlier in his career, he was: executive vice-president, financial services and middle market at Bearingpoint Inc., president and chief executive officer of Scient Inc., an Internet firm; managing partner and global banking leader at PricewaterhouseCoopers; and executive vice-president at MBNA Corp.

"Mr. Formant's appointment is the outcome of a rigorous and extensive search process carried out by our board with the objective of recruiting an independent, high-calibre business executive to serve our company," said Wade K. Dawe, chair of the board. "With his evident leadership skills and broad, relevant technology and financial industry expertise, Mr. Formant will bring important new perspectives to our deliberations. On behalf of my fellow shareholders, I welcome Chris to Pivot."

A resident of Baltimore, Md., Mr. Formant holds an MBA from George Washington University and a bachelor of science from Washington and Lee University. He is a member of the board of ID Systems, RocketDocs, and the Rock and Roll Hall of Fame.

"As Pivot advances its commercial transformation, Mr. Formant's technology services experience and industry connections will add tremendous value," said Kevin Shank, president and chief executive officer. "We look forward to gaining access to his knowledge and advice."

About Pivot Technology Solutions Inc.

Pivot is an industry-leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive OEM (original equipment manufacturing) partnerships and its own fulfilment, professional, deployment, work force and managed services, Pivot supports the IT (information technology) infrastructure needs of its clients.

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