Glenn Creamer, Michael Dominguez and Robin Selati Departing CDW's Board of Directors
LINCOLNSHIRE, Ill., June 28, 2016 (GLOBE NEWSWIRE) -- CDW Corporation (NASDAQ:CDW), a leading multi-brand technology solutions provider to business, government, education and healthcare, today announced that Glenn Creamer and Michael Dominguez of Providence Equity Partners L.L.C. (Providence), and Robin Selati of Madison Dearborn Partners, LLC (MDP) resigned from the company's board of directors.
"We thank Glenn, Michael and Rob for their valuable service to CDW and insight driving our public offering in 2013 as well as other significant company milestones," said Thomas E. Richards, chairman and CEO, CDW. "Providence and MDP have been outstanding partners over the last nine years. Their contributions to our growth strategy have helped CDW become the leading IT solutions provider to more than 250,000 customers in the U.S., Canada and the U.K., and the partner of choice for more than 1,000 technology brands."
"Rob, Michael and Glenn have carried out their duties as board members with a steadfast commitment to shareholders," said Barry K. Allen, director, CDW. "Thanks, in part, to their service, CDW is well-positioned to build on its leadership in the IT market while continuing to deliver long-term, sustainable growth to shareholders."
"We remain enthusiastic about CDW's growth strategy," said Messrs. Creamer, Dominguez and Selati, "but now that MDP and Providence no longer hold a substantial interest in CDW's common stock, we feel this is an appropriate time for us to transition off the board. We are confident in the ability of the remaining board members to guide CDW going forward."
"I am pleased by the collective strength and experience of our board, which will continue to perform for our shareholders," added Richards. CDW's board now has 11 directors, including recent additions Virginia Albanese, president and chief executive officer of FedEx Custom Critical, James Bell, retired executive vice president of The Boeing Company, Lynda Clarizio, president of U.S. Media for Nielsen, and Joseph Swedish, chairman, president and chief executive officer of Anthem, Inc., who were appointed in 2015 and 2016.
CDW is a leading multi-brand technology solutions provider to business, government, education and healthcare organizations in United States, Canada and the United Kingdom. A Fortune 500 company, CDW was founded in 1984 and employs more than 8,600 coworkers. For the twelve months ended March 31, 2016, the company generated net sales of over $13 billion. For more information, visit www.CDW.com.
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