Presidio, Inc. Announces Appointment of Neil Johnston as Chief Financial Officer
17 January 2018 - 12:00AM
Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries,
“Presidio” or the “Company”), a leading North American IT solutions
provider delivering Digital Infrastructure, Cloud and Security
solutions to middle-market customers, today announced that Neil
Johnston has been appointed Chief Financial Officer, effective
immediately. Mr. Johnston will succeed Paul Fletcher, who has
decided to retire after serving as the Company’s Chief Financial
Officer since 2007. Mr. Fletcher will continue to serve in an
advisory capacity to help ensure a smooth transition.
“I would like to thank Paul for his tremendous contributions to
Presidio as CFO over the last ten years, during which time he has
built a strong and capable finance and accounting organization,”
said Bob Cagnazzi, Chief Executive Officer of Presidio. “I am
thankful for Paul’s leadership and service and I wish him well in
his retirement.”
Mr. Cagnazzi added, “On behalf of our board and management team,
I welcome Neil Johnston to Presidio. Neil has a long tenure serving
in various leadership roles and has exceptional experience as a
public company financial and operational executive.”
Mr. Johnston commented, “It is a tremendous opportunity to join
Presidio. I am fully committed and eager to help Presidio continue
to execute on its financial and operational goals. I look forward
to contributing my skills and working with the team to promote
Presidio’s strategic growth initiatives and drive maximum value for
our shareholders.”
Prior to joining Presidio, Mr. Johnston served as Executive Vice
President and Chief Financial Officer of Cox Automotive, the
largest marketplace and leading provider of Software Solutions to
auto dealers throughout the U.S. In this role, Mr. Johnston was
responsible for overseeing the company’s finance and strategy
functions including accounting, financial planning and analysis,
financial reporting, procurement and billing, corporate development
and strategic planning. Before working for Cox Automotive, Mr.
Johnston served as Executive Vice President of Strategy and Digital
Innovation at Cox Media Group (CMG), where he was responsible for
driving strategic growth initiatives within the company and oversaw
integrated digital strategy, operations and innovation. Prior to
this, he served as Chief Financial Officer of CMG from 2009 to
2012, was the CFO of Cox Radio from 2000 until 2009 and he began
his career with Cox Enterprises in 1996, serving in various
financial and business development roles. Prior to joining Cox, Mr.
Johnston worked for Coca-Cola Enterprises, Inc. and Deloitte and
Touche, LLP.
Mr. Johnston holds an MBA from the Wharton School of the
University of Pennsylvania and degrees in accounting, finance and
information systems from Georgia State University and the
University of Cape Town, South Africa. He is a certified public
accountant and a chartered accountant.
ABOUT PRESIDIO
Presidio is a leading North American IT solutions provider
focused on Digital Infrastructure, Cloud and Security solutions. We
deliver this technology expertise through a full life cycle model
of professional, managed, and support services including strategy,
consulting, implementation and design. By taking the time to deeply
understand how our clients define success, we help them harness
technology advances, simplify IT complexity and optimize their
environments today while enabling future applications, user
experiences, and revenue models. We serve approximately 7,000
middle-market, large, and government organizations across a diverse
range of industries. More than 2,700 Presidio professionals,
including more than 1,500 technical engineers, are based in 60+
offices across the United States in a unique, local delivery model
combined with the national scale of a $2.8 billion dollar industry
leader. We are passionate about driving results for our clients and
delivering the highest quality of service in the industry. Presidio
is controlled by funds affiliated with Apollo Global Management,
LLC (NYSE:APO).
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This press release contains “forward looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. The use of words such as “anticipates,” “expects,” “intends,”
“plans” and “believes,” among others, generally identify
forward-looking statements. These forward-looking statements
include statements relating to: appointment and retirement of
personnel, future financial performance, business prospects and
strategy, anticipated trends, prospects in the industries in which
our businesses operate and other similar matters. These forward
looking statements are based on management’s current expectations
and assumptions about future events, which are inherently subject
to uncertainties, risks and changes in circumstances that are
difficult to predict. Actual results could differ materially from
those contained in these forward looking statements for a variety
of reasons, including, among others: risks and uncertainties
related to the capital markets, changes in senior management at
Presidio, changes in our relationship with our vendor partners,
adverse changes in economic conditions, risks resulting from a
decreased demand for Presidio’s information technology solutions,
risks relating to rapid technological change in Presidio’s industry
and risks relating to acquisitions or regulatory changes. Certain
of these and other risks and uncertainties are discussed in
Presidio’s filings with the Securities and Exchange Commission.
Other unknown or unpredictable factors that could also adversely
affect our business, financial condition and results of operations
may arise from time to time. In light of these risks and
uncertainties, these forward looking statements may not prove to be
accurate. Accordingly, you should not place undue reliance on these
forward looking statements, which only reflect the views of our
management as of the date of this press release. We do not
undertake to update these forward-looking statements.
Source: Presidio, Inc.
CONTACT INFORMATION
Investor Relations Contact:Ed
Yuen866-232-3762investors@presidio.com
Media Contact:Dori WhiteVice President of Corporate
Marketing212-324-4301doriwhite@presidio.com
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