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ModusLink Names John J. Boucher as New President and CEO

  ModusLink Names John J. Boucher as New President and CEO

   Brings deep supply chain management experience and strong leadership and
                             operations expertise

Business Wire

WALTHAM, Mass. -- January 14, 2013

ModusLink Global Solutions^™, Inc. (NASDAQ: MLNK) today announced that John J.
Boucher, 53, will become its President and Chief Executive Officer. Boucher,
who brings more than 30 years of supply chain management experience to his new
role, is expected to join the Company on January 28, 2013.

“After a thorough search, we are confident that we have selected the right
individual to assume the leadership role at ModusLink,” said Francis J. Jules,
chairman of the board of directors. “John has extensive experience in all
facets of supply chain management especially in operations. He also has deep
knowledge of our core technology end-markets, and the proven ability to drive
revenue growth and improvement in profitability. The Board looks forward to
working with John to improve financial results and increase shareholder
value.”

“I am pleased to join ModusLink, one of the market’s leading outsourced supply
chain and logistics providers”, said Mr. Boucher. “ModusLink has an
exceptional client base and has earned an outstanding reputation for client
service. I look forward to working with the Board and employees to build on
the Company’s many strengths, enhance operations, improve financial results
and drive value for shareholders.”

Boucher joins ModusLink from Symbotic LLC, a global provider of integrated
supply network automation solutions for warehouses and distribution centers,
where he served as Chief Commercial Officer & Chief Operating Officer. Prior
to this role from 2004 to 2010, Boucher served in executive and leadership
positions at Celestica Inc., a major provider of supply chain services to
companies in the communications, consumer, computing, and industrial,
aerospace and defense, healthcare, green technology, and semiconductor capital
equipment globally. While at Celestica, he held the positions of Executive
Vice President of Global Services, Sales & Supply Chain Solutions; Executive
Vice President, Supply Chain & Chief Procurement Officer; and President &
Senior Vice President, Americas Operations where he had direct accountability
for approximately $3 billion of revenue. Boucher was a member of the founding
team at Manufacturers Services Limited prior to its acquisition by Celestica
in 2004, and held senior management positions such as Group Vice President of
Electronics Manufacturing Services Business Unit and Corporate Vice President,
Global Supply Chain Management. Boucher began his career, and worked for more
than 17 years, with Digital Equipment Corporation where he held a number of
senior management positions, including managing supply chain strategies for
the Company's personal computer division. Boucher currently serves on the
Consumer & Electronics Advisory Board of Nypro, a leading global solutions
provider in the field of manufactured precision plastic products.

About ModusLink Global Solutions, Inc.

ModusLink Global Solutions Inc. (NASDAQ: MLNK) executes comprehensive supply
chain and logistics services that improve clients’ revenue, cost,
sustainability and customer experience objectives. ModusLink is a trusted and
integrated provider to the world’s leading companies in consumer electronics,
communications, computing, medical devices, software, luxury goods and retail.
The Company’s operating infrastructure annually supports more than $80 billion
of its clients’ revenue and manages approximately 470 million product
shipments through more than 30 sites in 15 countries across North America,
Europe, and the Asia/Pacific region. For details on ModusLink's flexible and
scalable solutions visit www.moduslink.com and www.valueunchained.com, the
blog for supply chain professionals.

ModusLink Global Solutions is a registered trademark of ModusLink Global
Solutions, Inc. All other company names and products are trademarks or
registered trademarks of their respective companies.

This release contains forward-looking statements, which address a variety of
subjects including, for example, the expectation and prospects for improvement
in operations, financial results and increase in shareholder value. All
statements other than statements of historical fact, including without
limitation, those with respect to the Company’s goals, plans, expectations and
strategies set forth herein are forward-looking statements. The following
important factors and uncertainties, among others, could cause actual results
to differ materially from those described in these forward-looking statements:
the Company’s success, including its ability to meet its revenue, operating
income and cost savings targets, maintain and improve its cash position,
expand its operations and revenue, lower its costs, improve its gross margins,
reach and sustain profitability, reach its long-term objectives and operate
optimally, depends on its ability to execute on its business strategy,
including the announced investment and costs savings plan and the continued
and increased demand for and market acceptance of its services; global
economic conditions, especially in the technology sector are uncertain and
subject to volatility; demand for our clients’ products may decline or may not
achieve the levels anticipated by our clients; the Company's management may
face strain on managerial and operational resources as they try to oversee the
expanded operations; the Company may not realize the expected benefits of its
restructuring and cost cutting actions; the Company may not be able to expand
its operations in accordance with its business strategy; the Company’s cash
balances may not be sufficient to allow the Company to meet all of its
business and investment goals; the Company may experience difficulties
integrating technologies, operations and personnel in accordance with its
business strategy; the Company derives a significant portion of its revenue
from a small number of customers and the loss of any of those customers could
significantly damage the Company’s financial condition and results of
operations; the Company frequently sells to its supply chain management
clients on a purchase order basis rather than pursuant to contracts with
minimum purchase requirements, and therefore its sales and the amount of
projected revenue that is actually realized are subject to demand variability;
the Company’s pipeline of sales opportunities represents potential sales
transactions and estimated annual revenue therefrom and there can be no
assurance that such sales efforts will be successful or that the potential
revenue will be realized; risks inherent with conducting international
operations; tax rate expectations are based on current tax law and current
expected income and may be affected by the jurisdictions in which profits are
determined to be earned and taxed, changes in estimates of credits, benefits
and deductions, the resolution of issues arising from tax audits with various
tax authorities, including payment of interest and penalties and the ability
to realize deferred tax assets; the mergers and acquisitions and IPO markets
are inherently unpredictable and liquidity events for companies in the
Company’s venture capital portfolio may not occur; and increased competition
and technological changes in the markets in which the Company competes. For a
detailed discussion of cautionary statements that may affect the Company’s
future results of operations and financial results, please refer to the
Company's filings with the Securities and Exchange Commission, including the
Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. Forward-looking statements represent management's current expectations
and are inherently uncertain. We do not undertake any obligation to update
forward-looking statements made by us.

Contact:

Media:
ModusLink Public Relations
Teresa Osborne, 781-663-5153
teresa_osborne@moduslink.com
or
Investor:
ModusLink Investor Relations
Robert Joyce, 781-663-5120
ir@moduslink.com
 
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