Edward A. Blechschmidt Joins Lionbridge Board of Directors
Former Unisys CFO and President of Asia Pacific Operations Brings International Services and Technology Expertise; Seasoned Industry Veteran Further Strengthens Lionbridge Board
WALTHAM, Mass. - February 05, 2003 - Lionbridge Technologies, Inc. (Nasdaq: LIOX), a provider of outsourced globalization, testing and development services, today announced the addition of Edward A. Blechschmidt to its Board of Directors. Blechschmidt has more than 30 years experience in leading multi-billion dollar global technology and services organizations.
"Lionbridge has the market opportunity, operational excellence and financial strength that positions the Company for continued success," said Blechschmidt. "I look forward to serving as a strategic advisor to the outstanding Lionbridge team as they expand the Company's opportunities and further strengthen its leadership position as a global outsourcing services provider to the world's leading organizations."
With more than 20 years tenure at Unisys Corporation, Blechschmidt held a variety of executive positions including President of Unisys Pacific Asia Americas Division, President of Unisys Japan and Chief Financial Officer. In these roles he helped define the company's global services and technology strategy and managed international operations. After Unisys, Blechschmidt served as Chief Executive of Pyramid Technologies and Siemens Nixdorf Americas where he was responsible for Siemens IT services businesses and operational execution in 12 countries.
Blechschmidt recently served as Chairman and Chief Executive of Gentiva Health Services (Nasdaq: GTIV) and continues to serve on their Board of Directors. At Gentiva he was responsible for leading the company's five fold increase in market capitalization. Prior to Gentiva, Blechschmidt was President and Chief Executive of Olsten Corporation.
"Ed will be an excellent addition to our board," said Rory Cowan, CEO of Lionbridge. "We will draw on his years of experience in the services, technology and human capital outsourcing industries as we strategically expand our service offerings and enhance the value Lionbridge brings to customers worldwide."
As a member of the Lionbridge board, Blechschmidt will replace former board member, Douglas Kingsley.
About Lionbridge
Lionbridge Technologies, Inc. provides globalization, testing and development services to Global 2000 organizations in the technology, consumer, industrial and life sciences industries. With worldwide resources and advanced language technologies, Lionbridge services enable clients to speed adoption and reduce maintenance costs of global applications and content. Based in Waltham, Mass., Lionbridge maintains facilities in Ireland, The Netherlands, France, Germany, China, South Korea, Japan, Brazil and the United States. To learn more, visit www.lionbridge.com.