PRG-Schultz Announces New Members of Board of Directors.ATLANTA -- PRG-Schultz International, Inc. (Nasdaq: PRGX) announced today that it has reconstituted its Board of Directors, as required under the terms of the exchange offer for its outstanding 4.75% Senior Convertible Notes Due 2006 which was completed on March 17, 2006. On March 30, 2006, Eugene I. Davis, Patrick G. Dills, N. Colin Lind, Philip J. Mazzilli, Jr., and Steven Rosenberg Steven A. Rosenberg, M.D., Ph.D., (b. 2 August 1940) is a leading cancer researcher and surgeon. He is credited with developing the use of IL-2 and immune cells for the treatment of patients with melanoma. were appointed to the company's Board of Directors. These new directors replace Gerald E. Daniels, Garth garth n. 1. A grassy quadrangle surrounded by cloisters. 2. Archaic A yard, garden, or paddock. [Middle English, enclosed yard, from Old Norse gardhr; see H. Greimann, Thomas S. Robertson and Jimmy M. Woodward, who resigned as directors of the company, and fill an additional existing vacant position on the board. Also on March 30, 2006, James B. McCurry, the company's President and Chief Executive Officer, was elected as Chairman of the Board of Directors, succeeding David A. Cole, who continues as a director. Mr. Davis is Chairman and Chief Executive Officer of Pirinate Consulting Group, which specializes in crisis and turn-around management. Mr. Dills is Executive Chairman of the Board of Medical Services Company, a supplier of medical products and pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. services to the workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. industry, and was Executive Vice President of First Health Group Corp., a full-service managed health care company, where he served in executive roles from 1988 to 2005. Mr. Lind is Managing Partner of Blum Capital, an investment company with approximately $3.6 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Mr. Lind previously served as a member of the Company's Board of Directors from May 2002 to October 2005. Mr. Mazzilli is the former Executive Vice President and Chief Financial Officer of Equifax Corporation, an international provider of consumer credit information and information database management. Mr. Rosenberg is President of SPR spr Spring SPR Strategic Petroleum Reserve SPR Surface Plasmon Resonance SPR Suomen Punainen Risti SpR Specialist Registrar (UK doctor who supports a consultant) SPR Society for Psychical Research SPR Stop Prisoner Rape Ventures, Inc., a private investment company he founded in 2000. He was formerly President of the Arrow subsidiary of ConAgra Foods ConAgra Foods, Inc. (NYSE: CAG) is one of North America's largest packaged foods companies. ConAgra's products are available in supermarkets, as well as restaurants and food service establishments. Its headquarters are located in Omaha, Nebraska. Inc and served for 17 years in various executive positions with Arrow Industries, a private-label manufacturer of grocery store products, prior to its acquisition by ConAgra in 1992. About PRG-Schultz International, Inc. Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize optimize - optimisation and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments. |
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