Converge Technology Solutions Announces the Election of Gayle Morris and Mary Hassett to Board of Directors

Rhea-AI Summary

Converge Technology Solutions has announced the election of Gayle Morris and Mary Hassett to its Board of Directors. Gayle Morris brings over 30 years of experience in high-tech computing, software, and networking, having worked at Microsoft, Cisco, BEA Systems, and Dell. Her expertise in market transitions and sales models is expected to be a valuable addition. Mary Hassett, with 25 years of HR leadership experience, currently serves as Senior VP and Chief of Human Resources at Lam Research. Her background in employee engagement and leadership development, particularly from her tenure at Hewlett Packard Enterprise, is anticipated to enhance Converge's strategic priorities and company culture.

Positive

• Appointment of Gayle Morris, with 30+ years of experience in major tech companies, to the Board of Directors.
• Gayle Morris's expertise in market transitions and sales strategies, particularly in cloud growth, expected to benefit Converge.
• Appointment of Mary Hassett, a seasoned HR leader with 25+ years of experience, to the Board of Directors.
• Mary Hassett's background in employee engagement and leadership development anticipated to strengthen Converge’s strategic priorities.

Negative

• None.

TORONTO and GATINEAU, QC, June 19, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS)  (FSE: 0ZB) (OTCQX: CTSDF), is pleased to announce the election of Gayle Morris and Mary Hassett to the Company's Board of Directors.

Gayle Morris is a corporate technology executive with 30+ years' experience in high-tech computing, software, and networking across top global companies including Microsoft, Cisco, BEA Systems, and Dell. Throughout her distinguished career Gayle has been pivotal in leading significant market transitions, specializing in both direct and indirect sales models, and in all aspects of product and service go-to-market. In her last role at Microsoft, as Corporate Vice President Worldwide Corporate Accounts and Partner Sales, she played a crucial role in delivering growth in cloud while modernizing sales approaches.

"I'm thrilled to join the Converge Board of Directors as the Company helps its customers navigate this new era of AI transformation," stated Gayle Morris. "Converge is uniquely positioned to help its customers drive tangible business outcomes through its extensive portfolio of service offerings. I believe my experience in scaling businesses through market transitions at some of the world's leading technology companies will enhance my contributions at Converge as they grow the business with a services-led approach."

"I'm happy to announce the addition of Gayle to the Converge Board," stated Thomas Volk, Executive Chair of Converge's Board of Directors. "Gayle's experience in leading strategy and global business development at top technology companies including Microsoft, Cisco, BEA Systems, and Dell will be a major asset to Converge and will serve as a catalyst to the Board."

Mary Hassett is a corporate executive with 25+ years' experience in Human Resource leadership roles. Currently, Mary holds the role of Senior Vice President and Chief of Human Resources at Lam Research, where she is responsible for aligning Lam's valued people resources to the company's strategic priorities while supporting employee engagement, leadership development, and instilling a strong company culture. Notably, Mary previously served as Senior Vice President of Human Resources for Hewlett Packard Enterprise ("HPE") for the company's Hybrid IT organization.

"I couldn't be happier to join Converge's Board of Directors," stated Mary Hassett. "Converge's people-first approach and high focus on their relationships with customers, partners, and their own employees have greatly contributed to the Company's success. I look forward to furthering Converge's growth as part of the Board and believe my experience at leading research and technology organizations will contribute to a more robust strategy for the company moving forward."

"I am extremely pleased to have Mary join the Converge Board," stated Thomas Volk, Executive Chair of Converge's Board of Directors. "Mary's experience at Lam Research and HPE, where she was instrumental in leading human resource initiatives with a strong focus on company culture, will complement the Board and be of great value to the Company."

About Converge

Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

Forward-Looking Information

This press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation regarding Converge and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts". "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Specifically, statements regarding the expected impact and benefits to the Company and its Board of Ms. Morris' and Ms. Hassett's election to the Company's Board of Directors are considered forward-looking statements. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments.  Although the Company bases these forward-looking statements on assumptions that it believes are reasonable when made, the Company cautions investors that forward-looking statements are not guarantees of future performance and that actual benefits or impact to the Company or its Board from such election may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if the benefits or impacts to the Company or its Board are consistent with the forward-looking statements contained in this press release, those results may not be indicative of results or developments in future periods.

There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.  All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

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SOURCE Converge Technology Solutions Corp.

FAQ

Who were elected to Converge Technology Solutions' Board of Directors in June 2024?

Gayle Morris and Mary Hassett were elected to Converge Technology Solutions' Board of Directors in June 2024.

What experience does Gayle Morris bring to Converge Technology Solutions?

Gayle Morris has over 30 years of experience in high-tech computing, software, and networking, having worked at Microsoft, Cisco, BEA Systems, and Dell.

How is Mary Hassett expected to benefit Converge Technology Solutions?

Mary Hassett's experience in HR leadership and her focus on employee engagement and leadership development are expected to enhance Converge’s strategic priorities and company culture.

What role did Gayle Morris hold at Microsoft before joining Converge's Board of Directors?

Gayle Morris was the Corporate Vice President Worldwide Corporate Accounts and Partner Sales at Microsoft.

What is Mary Hassett's current position prior to joining Converge Technology Solutions' Board of Directors?

Mary Hassett is the Senior Vice President and Chief of Human Resources at Lam Research.