DENVER -- StarTek, Inc. (NYSE:SRT) announced two major additions to its executive team today with the appointments of Steve Butler in the position of Chief Financial Officer, and Steve Boyer as the company's Chief Information Officer. StarTek also announced company board member Ed Zschau's appointment as Vice Chairman of the Board.
Butler is a seasoned executive who brings more than 20 years of experience in the cable, telecommunications and information technology industries to his role at StarTek. Prior to StarTek, Butler was president of S.D. Butler Financial Consulting Services, a provider of financial and accounting management services to startup and early-stage companies. His background also includes executive finance positions with United Pan Europe Communications (UCG Europe), United Global Communications, and Verado.
Boyer has an extensive background in information technology, having served for more than 30 years in an IT executive role with financial services, software development, telecommunications, and manufacturing businesses. He was president and CEO of Boyer Executive Technology Consulting for two years before joining StarTek. Prior to that, he was a senior executive and business unit CIO with American Express. Boyer previously held executive-level positions with VISA International, Rolm, Bank of America, and IBM. In his new role with StarTek, he will oversee the company's strategic efforts to evolve its technology-based solutions and sharpen its competitive edge.
Zschau, who has been on the Board of Directors since the company's initial public offering in 1997, will play a larger role in board oversight as Vice Chairman. The former IBM executive and U.S. Congressman has been on StarTek's Board longer than any other outside director, and currently serves as Chairman of the Board's Audit Committee.
About StarTek
StarTek, Inc. is a leading provider of business process outsourced services, which consist of business process management and supply chain management services. StarTek provides services from eighteen operating facilities, including five in Colorado, five in Canada, two in Virginia and one each in Illinois, Louisiana, Oklahoma, Tennessee, Texas, and Wyoming. The Company's primary clients are in the telecommunications and computer software industries, and it also serves clients in the computer hardware, consumer products, cable TV, entertainment, utility, internet, and e-commerce industries. Please visit the Company's website at www.startek.com.
Forward-Looking Statements
The matters regarding the future discussed in this news release may include certain forward-looking statements that involve specific risks and uncertainties. In accordance with the Private Securities Litigation Reform Act of 1995, the following are important risks and uncertainties that could cause StarTek's actual results to differ materially from those expressed or implied by any such forward-looking statements. These include, but are not limited to, loss of its principal clients, concentration of its client base in a few select industries, highly competitive markets, risks related to its contracts, decreases in numbers of vendors used by clients or potential clients, lack of success of StarTek's clients' products or services, considerable pricing pressure, risks relating to fluctuations in the value of StarTek's investment securities portfolio, risks associated with advanced technologies, inability to grow its business, inability to effectively manage growth, dependence on qualified employees and key management personnel, potential future declines in revenue, lack of a significant international presence, and risks relating to conducting business in Canada and the United Kingdom. Readers are encouraged to review Management's Discussion and Analysis of Financial Condition and Results of Operations -- Risk Factors and all other disclosures appearing in the Company's Form 10-K for the year ended December 31, 2003, and subsequent filings with the Securities and Exchange Commission.
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