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Research Solutions Announces Executive Management Changes to Expand Focus on GrowthHENDERSON, Nev., March 29, 2021 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), a pioneer in providing cloud-based workflow solutions for R&D driven organizations, announced today that Peter Derycz transitioned to Executive Chairman and Chairman of the Board, effective March 29, 2021. Roy W. Olivier, will serve as Interim President and Chief Executive Officer while the Board of Directors conducts a search for a permanent replacement. Mr. Derycz, who founded the Company in 2006, will remain highly involved in strategy, product development and business development in his role as Executive Chairman and Chairman of the Board. John Regazzi will step down from his current role as the Chairman of the Board but will continue to serve as the Lead Independent Director. "I look forward to my new role as Executive Chairman," said Mr. Derycz. "With the pivot to building a Platform product complete, this shift allows me to focus on the portion of the business I have always had a passion for while allowing Roy to focus on the growth of the business. Roy has been beneficial to the overall strategy of the Company during his time on our Board, and his background and first-hand expertise in acquisitions and SaaS companies is a perfect match for the Company as it transitions into this next phase." "Having served on the Board for the past two years, I have witnessed the Company pivot to the Platform model," said Mr. Olivier. "Serving in this interim role provides an opportunity to utilize my past operational and business development experience to drive new avenues of growth. I will also help lead the Company's M&A efforts in evaluating the significant pipeline that has been identified by the team. The continue goal of delivering long-term value to our shareholders remains unchanged." Mr. Olivier joined the Board in 2018. Previously, he served as president, CEO, and board member of ARI Network Services (formerly NASDAQ: ARIS), a provider of an award-winning suite of SaaS tools and marketing services. During Mr. Olivier's tenure as CEO of ARI he grew the business from less than 80 employees to over 1,200 and revenues from under $15M to over $100M. Prior to that, he served in various capacities including as VP of sales and marketing for ProQuest Media Solutions (now Snap-on Inc.), a business he founded in 1993 and sold to ProQuest in 2000. He previously held executive and managerial positions with other companies in the telecommunications and computer industries, including Multicom Publishing, Tandy Corporation, BusinessLand and PacTel. About Research Solutions Forward-Looking Statements View original content to download multimedia:http://www.prnewswire.com/news-releases/research-solutions-announces-executive-management-changes-to-expand-focus-on-growth-301257304.html SOURCE Research Solutions, Inc. |