PADUCAH, Ky., April 1, 2011 /PRNewswire/ -- Computer Services, Inc. (CSI) (OTCQX: CSVI) announced today that R. Stanley Eckenberg was named President and Chief Operating Officer of CSI. Mr. Eckenberg will report to Steven A. Powless who continues as CSI's Chief Executive Officer.
"I am pleased to announce Stan Eckenberg's promotion to President and Chief Operating Officer of CSI," stated Powless. "Stan is a 19-year veteran of CSI and most recently served as CSI's Executive Vice President. His knowledge of CSI and the industry combined with his strong leadership skills make him a solid fit for his expanded role.
"Stan's promotion is part of CSI's reorganization of business units and management team to focus on enhancing internal synergies and leveraging our services across the company. The reorganization is driven by our newly adopted Strategic Growth Initiative (SGI)," continued Mr. Powless. "Under our SGI plans, we are focusing on enterprise-wide opportunities to cross-sell products, integrate the technologies we have developed and seek potential opportunities to grow the company through selective acquisitions.
"The key objectives of SGI include expanding existing products and services, adding management bench strength, accelerating our regulatory and compliance business, and leveraging selective acquisitions to enhance our products, services and technology. CSI's operating units will report to Stan and will include newly formed business units that will consolidate key business functions. I will continue to be responsible for developing and executing CSI's growth strategy, including our acquisition program and technology investments. In addition, I will be responsible for managing CSI's senior management team, including Stan as our new COO, and CSI's Chief Financial Officer, Chief Development Officer, Chief Marketing Officer and the CEO of our Regulatory and Compliance Division."
Mr. Eckenberg joined CSI in 1992 as Director of Special Projects. He was named Vice President, Sales and Product Marketing in 1995, Senior Vice President in 1999, and Executive Vice President in 2003. Before joining CSI, he was Senior Account Executive for Xerox Corporation and also served as Branch Manager for Unisys Corporation. Eckenberg has served as an advisor on Data Processing to the Illinois Commissioner of Banking and is a past President of the Association of Financial Technology, the leading U. S. - based international organization of financial services technology and service companies. He also holds a B.S. degree in Business from Southern Illinois University.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world-class customer service explain why CSI is known as one of the nation's premier providers of technology solutions for the financial services industry. CSI's stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements except historical statements contained herein constitute "forward-looking statements." Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially. Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting CSI's operations, customers, markets, services, products and prices; and (ii) other factors discussed in CSI's Information and Disclosure Statements and other documents posted from time to time on the OTCQX website, including without limitation, the description of the nature of CSI's business and its management discussion and analysis of financial condition and results of operations for reported periods. CSI undertakes no obligation to update, and is not responsible for updating, the information contained in this release beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in CSI's expectations, or otherwise or for changes made to this document by wire services or Internet services.
SOURCE Computer Services, Inc.