HireRight Names Industry Leaders to Board of Directors
IRVINE, Calif.--(BUSINESS WIRE)--Oct. 5, 2007--HireRight, Inc.(NasdaqGM: HIRE), a leading provider of on-demand employment screeningsolutions, today announced that John Bowmer and Rick Allen have beennamed to the company's board of directors, increasing the size of itsboard to seven directors. Additionally, Allen was named auditcommittee chair, replacing Randy Lintecum, who will continue to serveon the audit committee.
"John and Rick are seasoned executives who bring a wealth ofexperience from the recruitment and software industries," said EricBoden, HireRight Chairman and Chief Executive Officer. "We areextremely pleased to have them as members of the HireRight board andexpect they will contribute significantly to the effectiveness of ourgovernance and the execution of our growth strategy."
Rick Allen worked in senior financial positions at publiccompanies for over 20 years. Allen was Chief Financial Officer of J.D.Edwards from 1990 to 2003. He added senior vice president of financeand administration to his title in 1997, and then was promoted toexecutive vice president in 2000. He also served as J.D. Edwards'controller from 1985 to 1990. Starting 1991, Allen also served as amember of J.D. Edwards' board of directors. In August of 2003, J.D.Edwards merged with PeopleSoft and Allen retired in 2004. Prior toPeopleSoft, Allen was controller for Luff Exploration, an oil and gasexploration and production company, from 1982 to 1985, and was asenior accountant with Coopers & Lybrand, a public accounting firm,from 1979 to 1982.
Mr. Allen received a bachelor's degree in business administrationwith a concentration in accounting in 1979 from Colorado StateUniversity. He currently serves on the board of RightNow Technologiesand several private company boards, and was a member of MaxtorCorporation's board until it merged with Seagate Technology in 2006.He is a member of the American Institute of Certified PubicAccountants, the Colorado Society of Certified Public Accountants,Financial Executives Institute and the National Association ofCorporate Directors.
John Bowmer has served as a multinational corporate executive forover 30 years. As a former chief executive officer in the recruitmentindustry, Bowmer has extensive experience growing organizations andmaximizing operational efficiencies. Most recently, Bowmer served asChairman of Adecco, the world's largest staffing company, following 15years of expanding responsibility as Chief Executive Officer at Adeccoand predecessor firms. Bowmer joined Adia (which later merged withECCO to become Adecco) as Chief Executive Officer of its Jonathan Wrensubsidiary in 1987. In 1989 he became Chief Executive for AdiaAustralia, and Chief Executive of Asia Pacific in 1990. In 1992,Bowmer was named Chief Executive Officer for all of Adia and was CEOof Adecco when Adia merged with ECCO in 1996. Prior to Adecco/Adia,Bowmer held executive positions at MAI plc and Polaroid UK.
Bowmer received an MSc from London Business School in 1972 and aBA with Honors from Keele University in Staffordshire, England in1966. He currently serves as Co-Chairman of the board of BerkeleyScott Group, a company listed on the AIM of the London Stock Exchange.
Last month, HireRight named Peggy Taylor, a former PeopleSoftexecutive, to its board of directors. More information on HireRightboard members and committee composition is available in the CorporateGovernance section of the company's Investor Relations web site athttp://ir.hireright.com.
About HireRight
HireRight is a leading provider of on-demand employment backgroundand drug screening solutions that help organizations efficientlyimplement, manage and control multifaceted screening programs. Manycompanies, including more than 50 of the Fortune 500, trust HireRightbecause the company delivers customer-focused solutions that providegreater efficiency and faster results. HireRight also providespre-integrated employment screening services through enterprisee-recruiting solutions from top providers such as Oracle/PeopleSoft,Vurv, Taleo, VirtualEdge, Deploy Solutions and PeopleAdmin.HireRight's worldwide headquarters are located in Irvine, Californiawith offices and affiliates around the globe. For more information,visit the company's web site at www.hireright.com.
Safe Harbor Statement under the Private Securities LitigationReform Act of 1995: All statements included or incorporated byreference in this release may contain forward-looking statements basedon our current expectations, estimates and projections about ourindustry, management's beliefs, and certain assumptions made by us.Words such as "anticipates," "expects," "intends," "plans,""believes," "seeks," "estimates," "may," "will" and variations ofthese words or similar expressions are intended to identifyforward-looking statements. These statements include, but are notlimited to, our expectations regarding future contributions by ourboard members. Such statements speak only as of the date hereof andare subject to change. We undertake no obligation to revise or updatepublicly any forward-looking statements for any reason. Thesestatements are not guarantees of future performance and are subject tocertain risks, uncertainties and assumptions that are difficult topredict. Therefore, our actual results could differ materially andadversely from those expressed in any forward-looking statements as aresult of various factors. Important factors that may cause such adifference include, but are not limited to, one or more board membersleaving our board or otherwise failing to contribute. Furtherinformation on HireRight, Inc., including additional risk factors thatmay affect our forward looking statements, is contained in ourQuarterly Report on Form 10-Q for our second quarter ended June 30,2007, and in our other SEC filings that are available through theSEC's website (www.sec.gov).
HireRight is a registered trademark of HireRight, Inc. (C)Copyright 2007 HireRight, Inc. All rights reserved.
CONTACT: Strategies
Media Relations:
Lindsay Thompson, 714-957-8880 ext. 128
Lindsay@strategiesadpr.com
or
ICR
Investor Relations:
Garo Toomajanian, 949-428-5855
ir@hireright.com
SOURCE: HireRight, Inc.
http://www.hireright.com/newsdetail.asp?dpid=1059376
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