PHILADELPHIA, Jan. 26, 2015 /PRNewswire/ -- CDI Corp. (NYSE: CDI) (the "Company") today announced that Michael S. Castleman has assumed day-to-day responsibilities for financial operations and management and, subsequently, will assume the role of Chief Financial Officer following the filing of the Company's SEC Form 10-K for 2014 in early March 2015. He will continue to lead corporate development and operational analytics at CDI.
Robert M. Larney, Chief Financial Officer, will be leaving CDI to pursue other opportunities following the filing of the Company's SEC Form 10-K for 2014.
"Michael is an experienced financial and operating executive with the skills, integrity and commitment needed to build on CDI's strengths and maximize long-term value," said Scott J. Freidheim, Chief Executive Officer.
Castleman, currently EVP, Corporate Development and Operations has led CDI's enterprise analytics and performance optimization, as well as corporate development via partnerships, mergers and acquisitions. Prior to joining CDI, Castleman served as president of Kenmore Craftsman and Diehard brands at Sears Holdings Corporation. He initially joined Kenmore Craftsman and Diehard as chief financial officer, responsible for financial management and operational improvement performance. Previously, Castleman founded or co-founded several investment firms, including Lehman Brothers Venture Partners, where he served as managing director and co-head. He has served as a director or board advisor to multiple companies.
Castleman earned a B.S. in Economics from the Wharton School of the University of Pennsylvania and an MBA from the Columbia Business School.
"On behalf of the board of directors, I want to thank Bob for his contributions to CDI, particularly as interim CEO during 2014, as he led the Company during a period of CEO leadership transition," said Freidheim.
CDI Corp. (NYSE: CDI) is an engineering and technology services firm providing differentiated, client-focused solutions in select global industries. CDI provides global engineering and technology solutions and professional staffing services through its global business operations. The Company also provides staffing services through its franchised Management Recruiters International, Inc. (MRI) operating unit. Learn more at www.cdicorp.com.
SOURCE CDI Corp.