CBIZ Appoints Two Independent Directors
Both Mr. Slotkin and Mr. Weir bring additional financial and operating expertise to CBIZ's Board of Directors. Mr. Slotkin currently serves as Executive Vice President and CFO of MacAndrews and Forbes Holdings, a private diversified holding company with assets including consumer products, security guard services, biotech, entertainment and financial services, and as Executive Vice President and CFO of publicly owned M&F Worldwide (NYSE:MFW). Prior to joining MacAndrews & Forbes in 1992, Mr. Slotkin spent over 17 years with Citicorp, ultimately serving as senior managing director and senior credit officer. Mr. Slotkin, who holds a BS in Business Administration and an MBA from Cornell University, currently serves as a director of two privately held companies, Allied Security and TransTech Pharma; formerly served as director of CalFed Bank; and is Chairman and co-founder of the Food Allergy Initiative.
Mr. Weir, who has served for the last four years as a financial consultant with Sanders Morris Harris, was CFO and a Board member of publicly held Deeptech International and two subsidiaries, Tatham Offshore and Leviathan Gas Pipeline Company, the latter of which was also a public company. Prior to his employment with Deeptech, Mr. Weir worked for eight years with Sugar Bowl Gas Corporation, as Controller and Treasurer and later in a consulting capacity. Mr. Weir began his career in finance with Price Waterhouse in 1964 after earning a BBA from West Virginia University.
“We are very pleased to welcome Todd and Don to CBIZ's Board of Directors,” stated Steven L. Gerard, Chairman and CEO. “As CBIZ continues to grow, their contributions and years of experience in corporate leadership roles will be invaluable to our success.”
CBIZ is a provider of outsourced business services to small and medium-sized companies throughout the United States. As the largest benefits specialist, the ninth-largest accounting company, and one of the ten largest valuation and medical practice management companies in the United States, CBIZ provides integrated services in the following areas: accounting and tax; employee benefits; wealth management; property and casualty insurance; payroll; IS consulting; and HR consulting. CBIZ also provides valuation; litigation advisory; government relations; commercial real estate; wholesale insurance; healthcare consulting; medical practice management; worksite marketing; and capital advisory services. These services are provided throughout a network of more than 160 Company offices in 33 states and the District of Columbia.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, the Company's ability to adequately manage its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting its insurance business or its business services operations. A more detailed description of such risks and uncertainties can be found in the Company's filings with the Securities and Exchange Commission.
FOR IMMEDIATE RELEASE
CONTACT: Kate Kowalski
Director, Corporate Relations
Century Business Services, Inc.
Cleveland, Ohio
(216) 447-9000