Pivot Technology Solutions, Inc. Appoints Technology Executive to Board of Directors
TORONTO, April 15, 2019 /CNW/ - Pivot Technology Solutions, Inc. (TSX: PTG), ("Pivot" or the "Company"), a full-service information technology provider, is pleased to announce the appointment of 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 B2B 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 CEO of Scient, Inc., an internet firm; Managing Partner and Global Banking Leader at PwC; and, Executive Vice President at MBNA Corporation.
"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, Maryland, 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."
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Company Codes: Toronto:PTG, OTC-PINK:PVVTF
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