Stream Global Services Names Kathryn Marinello Chief Executive

  Stream Global Services Names Kathryn Marinello Chief Executive Officer

 Former Chairman and CEO of Ceridian Corporation Brings Exceptional Industry
  Experience and a Strong Track Record of Driving Growth and Value Creation

       Current CEO and Chairman Scott Murray to Step Down from Company

Business Wire

WELLESLEY, Mass. -- August 20, 2010

Stream Global Services, Inc. (NYSE/AMEX: SGS) (“Stream”), a premium business
process outsource (BPO) service provider specializing in customer relationship
management for Fortune 1000 companies, today announced that its Board of
Directors has named Kathryn V. Marinello Chief Executive Officer, a Director
of the Company and Chairman of the Board. Marinello succeeds R. Scott Murray,
who has decided to step down from the Company.

Marinello most recently served as Chairman and CEO of Ceridian Corporation, a
$1.4 billion human resources outsourcing company. During her tenure at
Ceridian, Marinello substantially improved customer satisfaction and employee
engagement and created significant value for shareholders. Previously,
Marinello served in a wide variety of senior roles over 10 years at General
Electric, leading global, multi-billion dollar financial and services
businesses, including large international call center operations. At GE, she
was also responsible for numerous consolidating strategic acquisitions. Prior
to GE, Marinello served in senior leadership positions at First Data
Corporation, US Bank, Chemical Bank, Citibank and Barclays.

“Kathy brings exceptional industry experience, particularly through her
successful tenure at Ceridian, and has a strong track record throughout her
career of driving growth and creating value for shareholders, customers and
employees at large and complex services companies,” said David Kaplan, a
member of Stream’s Board and a Senior Partner at Ares Management, one of
Stream’s largest investors. “Stream remains focused on becoming an
industry-leading, multi-service BPO company through a combination of
operational excellence, organic growth and acquisitions. Kathy’s superb
experience and leadership skills make her the ideal candidate to lead this
next phase of growth.”

Marinello commented, “I am pleased to join Stream, an exceptional BPO service
provider and a trusted advisor to many leading companies around the world. I
share Stream’s commitment to the highest standards of operational performance
and belief that customer satisfaction and employee engagement are the keys to
building value for all stakeholders over the long-term. Stream clearly has a
very talented team of employees, and I look forward to working with them and
the Board to continue growing Stream and meeting the expanding needs of
companies around the world for high caliber sales, customer care and technical
support services.”

Fred Ayala, a member of Stream’s Board and CEO of LiveIt, the BPO investment
company of Ayala Corporation, a significant investor in Stream, said, “On
behalf of the Board and the entire Company, I would like to thank Scott for
his outstanding service to Stream. Since founding the Company in 2007, his
leadership and vision have been instrumental to Stream’s growth to date and we
wish him well in his future endeavors.”

Murray commented, “My time with Stream has been very rewarding. Stream has a
terrific management team and some of the world’s most admired companies as
clients. I intend to pursue private equity opportunities in connection with
Trillium Capital LLC and other business interests.”

Marinello currently serves on General Motors Company’s Board of Directors.
Over the past six years, she has also served on the Board of Directors at
Master Card U.S., Minnesota Business Partnership, and the Greater Twin Cities
United Way. She is a former member of The Business Roundtable. Marinello holds
a Bachelors degree in Liberal Arts from the State University of New York at
Albany and an MBA in Marketing and Business from Hofstra University.

About Stream Global Services

Stream Global Services is a premium business process outsource (BPO) service
provider specializing in customer relationship management including sales,
customer care and technical support for Fortune 1000 companies. Stream is a
trusted partner to some of the world's leading technology, computing,
telecommunications, retail, entertainment/media, and financial services
companies. Our service programs are delivered through a set of standardized
best practices and sophisticated technologies by a highly skilled workforce of
approximately 30,000 employees based out of 50 solution centers in 22
countries supporting more than 35 languages. Stream continues to expand its
global presence and service offerings to increase revenue, improve operational
efficiencies and drive brand loyalty for its clients. To learn more about the
company and its complete service offering, please visit


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Andrew Cole/Lucy Neugart
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