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CONVERSION SERVICES INTERNATIONAL ANNOUNCES
CHIEF FINANCIAL OFFICER RESIGNATION
William Hendry Appointed Chief Financial Officer
EAST HANOVER, N.J. (October 11, 2006) - Conversion Services
International, Inc. (AMEX: CVN), a premier professional services
firm focused on delivering the value in business intelligence,
data warehousing and data management solutions to Global 2000
organizations and other businesses, announced today its chief
financial officer, Mitchell Peipert, has resigned effective
October 27, 2006, to accept a position with a privately-held
company outside of the information technology services industry.
William Hendry, with CSI as the Company’s controller for the past
two and one-half years and a certified public accountant in the
State of New Jersey, has been appointed CFO by the Board of
Directors effective October 27, 2006.
Mr. Hendry, in his current role, worked closely with Mr. Peipert
and executive management. Prior to joining CSI, Mr. Hendry held
various positions, primarily as controller and vice president of
finance, for publicly and privately held professional services,
biotechnology and software companies, including Scientific Games
Online Entertainment Systems, Alphanet Solutions, Biosource
International and Quarterdeck. Mr. Hendry began his career at KPMG
LLP. Mr. Hendry has an M.B.A. in finance and a bachelor’s degree
in accounting from Fairleigh Dickinson University, and is a member
of the American Institute of Certified Public Accountants, the New
Jersey Society of Certified Public Accountants, and the Financial
Executive Institute.
Scott Newman, president, chief executive officer and chairman,
said, “We appreciate Mitch's valuable contributions to CSI and
wish him well in his future endeavors. Bill Hendry brings to the
CFO position a successful track record in finance, SEC reporting
and compliance knowledge, and communication skills that support
our financial community relationships. Bill has broad business
experience and history with CSI, and we are confident that he will
assume his new responsibilities quickly and effectively.”Mitch
Peipert added, "I am delighted to have contributed to the
Company's growth during my tenure and look forward to supporting
the Company to facilitate a smooth transition."
About Conversion Services International, Inc.
A Note on Forward-Looking Statements
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