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Redknee Solutions Inc. Announces Changes to Board of Directors and Executive Leadership

Mittwoch, 15.02.2017 13:05 von

Canada NewsWire

TORONTO, Feb. 15, 2017 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, today announced changes to its Board of Directors (the "Board"). Effective immediately, Alan Michels and Kent Thexton have stepped down from the Board of Directors, and Christy Jones and Farhan Thawar have been appointed to the Board. Redknee's Board will now be comprised of Demetrios Anaipakos, Scott Brighton, Chris Helling, Christy Jones, Andrew Price, Lucas Skoczkowski, and Farhan Thawar.

"I want to thank Kent and Alan for their service to the Company," said Scott Brighton, Director, Redknee. "We wish them the best in their future endeavors."

Separately, the Board announced a leadership reorganization in which Danielle Royston has been appointed interim Chief Executive Officer, effective immediately. Ms. Royston replaces Lucas Skoczkowski, who has been removed by the Board from his role as Chief Executive Officer.

Brighton continued, "The Board sees enormous long-term potential for Redknee, and to capitalize on that long-term potential we must undertake aggressive changes in the short-term to fix the fundamentals of the business. Danielle Royston is an exceptional software executive who has been the architect of numerous turnarounds. We thank her for accepting this important role."

The Board intends to launch a thorough internal and external search to secure a permanent Chief Executive Officer.

Biographies for all new Board members and interim Chief Executive Officer Danielle Royston will be available on Redknee's website.

About Redknee

Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions and services that allow communications service providers, utility companies, auto makers and enterprise businesses of all types to charge for things in new and innovative ways. Redknee's real-time billing, charging, policy and customer care offerings provide the agility and scalability to drive a unique user experience, increase profitability and support any new product or business model. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries.

References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.

SOURCE Redknee Solutions Inc.