COLUMBIA, Md., June 15, 2020 /PRNewswire/ -- Global
performance improvement solutions provider GP Strategies
Corporation (the "Company") (NYSE: GPX) announced today
that Scott N. Greenberg is stepping
down from his role as CEO of the Company and will remain as
Chairman of the Board of Directors and as a Senior Advisor to the
Company. Adam H. Stedham,
currently the President of GP Strategies and a 23-year veteran of
the Company, has been appointed by the Board of Directors as
Interim Chief Executive Officer and elected as a member of the
Board, effective June 9, 2020. Mr.
Stedham also will continue in his role as President.
Samuel D. Robinson, lead
independent director of the Company, said, "On behalf of the Board
of Directors, we thank Scott for his huge contributions to GP
Strategies during his nearly 40 years of service, including the
last 15 years as Chief Executive Officer. Because of his efforts,
the Company is well positioned to successfully navigate the current
difficult environment and we are glad to be able to continue to
benefit from his experience and expertise in his roles as Chairman
of the Board and Senior Advisor. We look forward to the continuity
provided by Adam's appointment. Adam is an accomplished and
respected leader who has played a leadership role in the Company in
the last several years and is well known to shareholders, customers
and business partners. Adam has also been a key contributor
to our global efforts to address the COVID-19 pandemic and its
economic effects."
Mr. Stedham has served as President of the Company since
November 2017, after serving as a
Senior Vice President of the Company since 2012 and as a Vice
President since 2008. Mr. Stedham has served in roles of increasing
responsibility since joining the Company in 1997, including leading
various service lines, managing the Asia
Pacific region, and leading business development initiatives
in multiple industries.
Mr. Stedham said, "It is an honor to have the opportunity to
lead this great company. I am confident that we are well positioned
for growth as we move the company forward. Together with GP
Strategies' management team, my first priorities will be the safety
of our employees and reinforcing the Company's strong balance
sheet, while focusing on our growth potential and plans. I am
also eager to work closely with the Board, our management team,
employees and business partners to build upon the strong position
GP Strategies has in the industry and to capitalize on additional
opportunities for growth and innovation."
About GP Strategies
GP Strategies Corporation (NYSE:
GPX) is a global performance improvement solutions provider of
training, digital learning strategies and solutions, management
consulting, and engineering services. GP Strategies' solutions
improve the effectiveness of organizations by delivering innovative
and superior training, consulting, and business improvement
services, customized to meet the specific needs of its clients.
Clients include Fortune 500 companies, manufacturing, process and
energy industries, and other commercial and government
customers.
Forward Looking Statement
We make statements in this
press release that are considered forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934.
These statements reflect our current expectations concerning future
events and results. We use words such as "expect," "intend,"
"believe," "may," "should," "could," "anticipates," and similar
expressions to identify forward-looking statements, but their
absence does not mean a statement is not forward-looking. These
statements are not guarantees of our future performance and are
subject to risks, uncertainties, and other important factors that
could cause our actual performance or achievements to be materially
different from those we project. For a full discussion of these
risks, uncertainties, and factors, we encourage you to read our
documents on file with the Securities and Exchange Commission,
including those set forth in our periodic reports under the
forward-looking statements and risk factors sections. Except as
required by law, we do not intend to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
© 2020 GP Strategies Corporation. All rights reserved. GP
Strategies and the GP Strategies logo design are trademarks of GP
Strategies Corporation.
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SOURCE GP Strategies Corporation