Mastech Holdings, Inc. Appoints Industry Veteran as New CEO
July 22 2009 - 4:30PM
PR Newswire (US)
PITTSBURGH, July 22 /PRNewswire-FirstCall/ -- Mastech Holdings,
Inc., (NYSE Amex: MHH), a national provider of Information
Technology Staffing services, announced today that staffing
industry veteran Thomas B. Moran has been appointed as the
Company's President and Chief Executive Officer and Director.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080508/NETH059LOGO-b )
In making the announcement, Mr. Wadhwani, Mastech's Co-Chairman and
interim CEO, stated that, "Tom is the right executive to formulate
a growth strategy which will move Mastech into the next phase of
its evolution. During Tom's tenure at Hudson Highland, the company
achieved record revenues through a combination of organic growth
and select acquisitions." Commenting on the appointment,
Co-Chairman Ashok Trivedi stated, "We are very pleased to have
someone with Tom's industry background and proven track record to
guide Mastech during these challenging, but opportunistic, times."
Tom Moran said: "I am very excited about the opportunities
presented in leading Mastech. The Company is well positioned in the
markets that it serves, has a scalable business model and a healthy
financial position. I look forward to working with the Board of
Directors and the management team to put Mastech on a path for
future growth to create shareholder value." Mr. Moran has more than
20 years of experience in the staffing industry and has held
leadership positions at several of the industry's largest players.
Prior to joining Mastech, Mr. Moran served as "CEO Partner" for
Frontenac Company, Inc., a private equity firm. From 2002 to 2007,
Mr. Moran was the President and CEO of Hudson Highland Group, Inc.,
Americas, where he built a management team that led the
organization to record revenues and profits. Mr. Moran also served
in various leadership roles at Robert Half International from 1995
to 2002, where he was responsible for directing and growing
operations as the District President for one of their largest
multi-state territories in North America. Tom has been very
involved with several different organizations within the staffing
industry, as well as professional organizations within the sectors
his businesses support. He will be a valuable addition to the
Company and its shareholders. About Mastech Holdings, Inc.:
Leveraging the power of 20 years of IT experience, Mastech (NYSE
Amex: MHH) provides Information Technology Staffing services in the
disciplines which drive today's business operations. More
information about Mastech can be found at Mastech's website:
http://www.mastech.com/.
http://www.newscom.com/cgi-bin/prnh/20080508/NETH059LOGO-b
http://photoarchive.ap.org/ DATASOURCE: Mastech Holdings, Inc.
CONTACT: Donna Mascia, Manager, Investor Relations of Mastech
Holdings, Inc., +1-888-330-5497 Web Site: http://www.mastech.com/
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