Philadelphia, Pa. (August 1, 2003) -- CDI Corp. (NYSE: CDI) today announced a leadership consolidation to support a go-to-market strategy more closely aligned with the vertical markets it serves.
Effective immediately, Robert Giorgio, president of CDI Engineering Solutions, will assume the additional leadership of CDI Professional Services, replacing Charles Abadie, who is leaving the company to pursue other opportunities.
“In order to make this new approach work, we must vest authority and accountability in one individual at the executive leadership level,” said President and Chief Executive Officer Roger H. Ballou. “This change will sharpen our focus on our mission, which is to help clients in targeted vertical markets improve their profitability through high value project management outsourcing and professional staffing solutions.
“We wish to express our appreciation to Charlie Abadie for his service to CDI, in particular for his contributions to the successful restructuring CDI completed last year. We wish him well in his future endeavors,” said Ballou.
“As Bob Giorgio assumes his new role, I am confident that he will continue to help us create greater value for our shareholders, customers and employees. He has consistently proven his ability to lead and deliver high performance,” Ballou said.
Giorgio joined CDI in 1997 as President of CDI Engineering Group, which comprised CDI’s biotech, chemical and pharmaceutical engineering operations. In May 2002, he was named President of CDI Engineering Solutions, with responsibility for all of CDI’s engineering units. Before joining CDI, he held a series of senior leadership positions with Day and Zimmerman International, including President, Chief Executive Officer and Chairman. Prior to that, Giorgio held executive positions at Raytheon E&C.
CDI Corp. (NYSE: CDI) is a Fortune 1000 professional services and project management outsourcing company. Its divisions and subsidiaries include CDI Engineering Solutions, CDI Professional Services, Todays Staffing, and Management Recruiters International, the world's largest executive search and recruitment organization. Visit CDI on the web at www.cdicorp.com.
Safe Harbor Statement
Certain information in this news release contains forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or the negative thereof or other comparable terminology, or by discussions of strategy, plans or intentions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include risks and uncertainties such as competitive market pressures, material changes in demand from larger customers, availability of labor, the company's performance on contracts, changes in customers' attitudes towards outsourcing, government policies or judicial decisions adverse to the staffing industry, changes in economic conditions, and delays or unexpected costs associated with its restructuring program. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company assumes no obligation to update such information.
Vice President, Corporate Communications