SOURCE: Analysts International Corporation

Analysts International Corporation

December 22, 2009 19:00 ET

Analysts International Corporation Appoints New Board Chair

MINNEAPOLIS, MN--(Marketwire - December 22, 2009) - Analysts International Corporation (AIC) (NASDAQ: ANLY), an information technology services company, today announced that current director Douglas C. Neve has been appointed Chair of the Board of Directors, effective immediately. Dr. Krzysztof K. Burhardt, who previously served as Chair of the Board, will remain a director of the company.

"After having served as a member of the board of Analysts International for nearly two years now, I'm pleased to lend further assistance in helping guide the future for AIC," said Neve. "On behalf of the Board, I would like to thank Dr. Burhardt for the leadership and insight he has provided to AIC over the course of the past seven years. I look forward to working closely with the new CEO, Andrew Borgstrom, to turn this company around and attain profitability in 2010."

Neve served as the Executive Vice President and Chief Financial Officer at Ceridian Corporation, a business services company focusing on human resource management and solutions and credit and debit card processing principally for the retail and transportation industries, from February 2005 to March 2007. Prior to Ceridian Corporation, he was a partner at the public accounting firm of Deloitte & Touche LLP from May 2002 to February 2005. He is also a director and Chair of the Audit Committee at Allete, Inc. Neve has been an AIC director since May of 2008. He is Chair of the Audit Committee and a member of the Nominating and Governance Committee.

About Analysts International Corporation

Analysts International Corporation (NASDAQ: ANLY) is an information technology services company that's focused on providing configured solutions for its clients. We proudly serve a broad portfolio of clients throughout the United States with technology staffing, collaboration solutions, platform solutions, project and application solutions and managed services offerings. For more information, visit us online at www.analysts.com.

Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made in this press release by AIC, its newly appointed Chairman of the Board Mr. Neve or its newly appointed President and CEO Mr. Borgstrom, regarding, for instance: (i) AIC's ability to implement its strategic plan; and (ii) management's beliefs with respect to the impact of its recent leadership change on the execution of AIC's strategy, are forward-looking statements. These forward-looking statements are based on current information, which we have assessed, which by its nature is dynamic and subject to rapid and even abrupt changes. Forward-looking statements include statements expressing the intent, belief or current expectations of AIC and members of our management team and involve certain risks and uncertainties, including (i) the risk that management may not fully or successfully implement its business transformation plan; (ii) the risk that AIC will not be able to continue to reduce costs or exploit other opportunities of the business in a timely manner or on favorable terms; (iii) prevailing market conditions in the IT services industry, including intense competition for billable technical personnel at competitive rates, strong pricing pressures from many of our largest clients and difficulty in identifying, attracting and retaining qualified billable technical personnel; (iv) potentially incorrect assumptions by management with respect to the impact of prior cost reduction initiatives and current strategic decisions; and (v) other economic, business, market, financial, competitive and/or regulatory factors affecting AIC's business generally, including those set forth in AIC's filings with the SEC. You are cautioned not to place undue reliance on these or any forward-looking statements, which speak only as of the date of this press release.

Contact Information

  • Media Contact:
    Marne Oberg
    Analysts International Corporation
    952.838.2867
    Email Contact