Douglas Benedict Joins CHR Solutions Board of Directors


Houston, TX - Tuesday, January 07, 2014

CHR Solutions is pleased to announce the election of Douglas Benedict to its Board of Directors. Mr. Benedict has nearly 30 years of corporate development, private equity and investment banking experience.

"Doug's extensive financial advisory experience and industry-specific skill set provides our board with the knowledge necessary to plan for the future and be prepared in the rapidly-changing telecommunications and technology industries," said James Taylor, CEO, CHR Solutions. 

Mr. Benedict currently serves as a Managing Director at OEM Capital, an investment banking firm specializing in technology and communications and focusing primarily on small and middle-market public and private companies. Mr. Benedict joined OEM Capital in May 2011.

Previously, he was a Managing Director at MTN Capital Partners, a private equity firm focused on small and middle-market opportunities. Prior to joining MTN Capital, Mr. Benedict served as Senior Vice President of Business and Strategic Development for Cendant Corporation and Lockton Companies from 2001 to 2008.

Prior to 2001, he spent 15 years as an investment banker in New York and London, primarily with Citigroup, Bank of America and Legg Mason, specifically focusing on telecommunications, technology and financial institution companies. Mr. Benedict has served on a number of public and private boards and currently serves as a Director of Alteva Inc., a NYSE-listed cloud-based unified communications solutions provider, and Lakeland Industries, Inc., a NASDAQ-listed provider of safety products for the industrial protective clothing and homeland security markets.

Mr. Benedict holds an undergraduate degree in Economics from Harvard University and an MBA from the Amos Tuck School of Business at Dartmouth College.

CHR's external board of directors also includes: Chairman of the Board, Don Benson - former Senior Vice President of Aetna (NYSE:AET) and Cigna (NYSE:CI), and CAO of Methodist Healthcare, Keith Galitz - former President and GM of Canby Telecom, and James J. Pendergast, Jr. - former CEO/Co-Founder of Fiber America, Inc. CHR's two internal directors are CEO James Taylor and President and COO Arun Pasrija.

About CHR Solutions, Inc.

CHR Solutions, Inc. is a leading provider of services and solutions to communications service providers around the world. CHR is a comprehensive, single-source provider of business consulting, engineering, software and managed IT services. CHR's team of industry experts helps clients grow revenues, reduce costs, improve operations, manage risk, and align technology. CHR serves more than 900 clients, and employs over 500 team members, with 10 offices and two network operating centers in five states and two countries.

 


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