Rand worldwide

Press Releases

11/10/2014

Rand Worldwide Appoints New Members to its Board of Directors

New Executive Officers Named

BALTIMORE, MD

Rand Worldwide, Inc. (OTCBB: RWWI), a global provider of technology solutions to organizations with engineering design and information technology requirements, announces the appointments of Mr. Philip B. Livingston and Mr. David Schneider to its board of directors. In addition, Mr. Peter Kamin, a current Board member and the managing partner of 3K Limited Partnership, was named as Chairman of the Board of the Company.

On November 7, 2014, following the completion of the Company’s Tender Offer, Messrs. Marc Dulude, Richard Charpie, Charles Yie and Manu Parpia, resigned from the Board as part of a planned transition that follows the Company’s recapitalization and a major investment by 3K Limited Partnership. In addition, Mr. Dulude resigned as Chief Executive Officer of Rand Worldwide, Inc. and Mr. Lawrence Rychlak was named as the Company’s President and Chief Executive Officer. Mr. Rychlak was previously the President and Chief Financial Officer and Mr. John Kuta, the Company’s current Vice President and Controller, will be assuming the role of Chief Financial Officer.

“The changes in our governance and executive leadership are the final steps in the successfully-completed reorganization and recapitalization process that the Company began back in January and I am very pleased with how we are positioned for the future growth of Rand Worldwide,” stated Peter Kamin, the newly-appointed Chairman of Rand Worldwide. “The oversight and support of the past Board members has been an integral piece of the Company’s success and I want to publicly thank them for all that they have done to position Rand Worldwide as a continued leader in its market.”

“I look forward to working with the new Board members and the executive team as the Company builds upon its strengths in order to maximize value for our shareholders going forward.” said Mr. Rychlak. “I also want to thank Marc Dulude for his leadership over the last eight years and acknowledge the outstanding contributions that Messrs. Charpie, Yie and Parpia have made as members of our Board.”

About Rand Worldwide
Rand Worldwide is one of the world’s leading professional services and technology companies for the engineering community, targeting organizations in the building, infrastructure, and manufacturing industries. The company advances the way organizations design, develop, and manage building, infrastructure, and manufacturing projects. Fortune 500 and Engineering News Record’s Top 100 companies work with Rand Worldwide to gain a competitive advantage through technology consulting, implementation, training, and support services. One of the world’s largest integrators of Autodesk software, the company also provides facilities management software from ARCHIBUS, CAD and PLM courseware through their ASCENT division and provides training and support solutions on Dassault Systèmes and PTC products. For more information, visit rand.com

Any and all trademarks making reference to or related to Rand Worldwide, IMAGINiT Technologies, ASCENT, IMAGINiT, Clarity or ProductivityNOW are registered and/or owned by Rand Worldwide, Inc., and/or its subsidiaries, affiliates, and/or other legal holders under the Rand Worldwide, Inc. name.

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Chantale Marchand
Rand Worldwide
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