PRGX Global, Inc. Announces Departure of Chief Executive Officer
ATLANTA, Nov. 15, 2013 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq:PRGX),
the world's leading provider of recovery audit services and the pioneer in
Profit Discovery^TM, announced today that Romil Bahl, the Company's President
and Chief Executive Officer, will be leaving the Company effective
immediately. Ronald E. Stewart, a member of the Company's Board of Directors,
will serve as the interim Chief Executive Officer of the Company until the
Company's Board of Directors hires a permanent Chief Executive Officer. The
Board of Directors is actively engaged in a process to identify a replacement
for Mr. Bahl.
Mr. Stewart is a private equity investor and business entrepreneur and a
partner of Arcadia Capital Group, a private equity firm. Prior to his current
pursuits, Mr. Stewart was a senior partner with Accenture, holding a number of
executive positions during his 30-year career at the firm. During his tenure
at Accenture, Mr. Stewart served as the global client partner for a number of
Fortune 100 clients and led the firm's retail and consumer goods practice in
the eastern United States for a number of years. Mr. Stewart also led
Accenture's global transportation and travel industry program and served as
the North America Managing Partner for the automotive, industrial
manufacturing and transportation/travel industry groups.
"On behalf of the Board of Directors, I want to thank Romil for his efforts
over the last five years," said Pat Dills, Chairman of PRGX Global."PRGX is
in a strong financial position and, as always, we remain very proud of our
world class employees and the services they provide to our clients around the
globe," continued Dills."We wish Romil continued success in his future
About PRGX Global, Inc.
Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading
provider of recovery audit services. With over 1,700 employees, the Company
operates and serves clients in more than 30 countries and provides its
services to over 75% of the top 30 global retailers. PRGX is also pioneering
Profit Discovery, a unique combination of audit, analytics and advisory
services that improves client financial performance. For additional
information, please visit PRGX at www.prgx.com.
CONTACT: Robert B. Lee, Chief Financial Officer and Treasurer
600 Galleria Parkway, Suite 100
Atlanta, GA 30339
PRGX Global, Inc. Logo
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