Cambridge Integrated Services Group Names Robert J. Fechtmann Chief Financial Officer.GREENWICH, Conn. -- Cambridge Integrated Services Group, Inc., a leading claims and loss cost management company, today announced that Robert J. Fechtmann, C.P.A., 51, has been named chief financial officer, a newly created position, which is based in Greenwich, Connecticut, United States. Fechtmann reports to Tracey Carragher, chief executive officer. As CFO See Chief Financial Officer. , Fechtmann oversees financial control and expense management of the expanding international organization, including newly integrated ProcessMind, which provides business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) for insurance, financial services and healthcare industries. On Nov. 30, Cambridge Integrated Services Group, now also a Scandent scan·dent adj. Botany Climbing: a scandent vine. [Latin scand Group company, had announced that it inducted Scandent Group's ProcessMind subsidiary, creating one of the largest BPOs, with offices throughout North America, Europe, Australia and Asia, including India. "Bob Fechtmann is unquestionably un·ques·tion·a·ble adj. Beyond question or doubt. See Synonyms at authentic. un·ques  tion·a·bil the best CFO to expertly
direct the financial aspects of our growing international business and
our combined global workforce, who are also highly educated and
impressively skilled at lowering business costs and improving
operational efficiencies--because that is exactly what they do for our
customers," said Carragher. "Cambridge Integrated Services
Group's new CFO has clearly distinguished himself over the past 25
years as one of the most seasoned, accomplished and renown international
business executives with a variety of market expertise."
Instrumental in delivering high profitability margins and driving competitive business performance for international organizations, Fechtmann most recently served as executive vice president and CFO of Draft, Inc., a global marketing communications company, which is the largest direct and promotions agency in the U.S., and is a member company of the Interpublic Group, Inc., (NYSE NYSE See: New York Stock Exchange :IPG IPG Implantable pulse generator, see there ), one of the largest conglomerates of advertising agencies and marketing-services companies. Previously, Fechtmann held other executive financial and treasury positions for Bristol-Myers Squibb Company, (NYSE:BMY BMY Bristol Myers Squibb ), a global provider of pharmaceutical and related health care products; Colgate-Palmolive, (NYSE:CL), a leading global consumer products company; and was an auditor for Arthur Young & Company (now Ernst & Young). Fechtmann earned an M.B.A. in finance and international business from Harvard University Graduate School of Business. About Cambridge Integrated Services Group Headquartered in Greenwich, Connecticut, United States, Cambridge Integrated Services Group, a Scandent Group company, is the largest independently owned property and casualty claims and loss cost management service provider. Cambridge serves Fortune 500 self-insured employers, insurance carriers and public entities in the U.S., Europe and Australia. Claims services span workers' compensation; general, auto, professional and product liability; as well as property, personal lines, assumed/ceded reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and subrogation The substitution of one person in the place of another with reference to a lawful claim, demand, or right, so that he or she who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or Securities. . Cambridge Integrated Services Group also offers a wide array of specialty risk management services including outcomes management and audit consulting, managed care, special investigations and structured settlements. For more information, visit: www.cambridgeintegrated.com. About Scandent Group Established in 1994, Scandent Group is a business process outsourcing and global IT consulting company that has served more than 600 insurance, financial services, healthcare, government and manufacturing firms worldwide. Services include software engineering, development and support services; insurance claims management and risk management; and business process outsourcing of customer relationship management, accounting and other business infrastructure functions. Independently owned Scandent Group offers one of the world's most highly educated, skilled workforces serving businesses on four continents. Among the select list of elite companies to be granted the prestigious designation of International Headquarters Status by the Government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. , Scandent Group has more than 4,000 employees with offices in 13 countries. For more information, visit: www.scandentgroup.com. |
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