BluePhoenix Solutions Appoints New Chairman of the Board
BluePhoenix Solutions (NASDAQ: BPHX) today announced that Mel Keating has been appointed as BluePhoenix's new Chairman of the Board of Directors.
“Mel is a proven leader who has demonstrated his value to many companies in his service to their Boards,” said Shimon Bar-Kama, Chief Executive Officer of the Company. “The Board believes that Mel has the experience and skills required to assist in a turnaround at BluePhoenix.”
Mel Keating has served as a Director, CEO, CFO and strategy advisor to private equity firms over the last 30 years. Keating has field proven experience in successful corporate turnarounds and restructurings. Most recently, as a director of Aspect Medical Systems, White Electronic Designs, Integral Systems and Infologix, all were sold with significant premium on their market prices, Keating served as a member of their respective Strategic Alternatives Committees. He graduated both MS-Accounting and MBA – Finance degrees from Wharton, University of Pennsylvania. In addition, he has a BA in art history from Rutgers University.
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