Chandramohan Steps Down as American Reprographics Chairman
Press release from the issuing company
WALNUT CREEK, CA, Jul 28, 2008 -- The board of American Reprographics Company, the nation's leading provider of reprographics services and technology, today announced that S. "Mohan" Chandramohan will be stepping down as chairman and retiring from the board of directors effective July 24, 2008. K. "Suri" Suriyakumar, the company's current president and chief executive officer has been named chairman of the board, also effective July 24, 2008.
"I am gratified to announce the completion of the company's leadership transition that began in November of 2006," said Mr. Chandramohan. "I look forward to watching the company continue to excel in Suri's very capable hands."
Chandramohan will continue his involvement with ARC's board as a consultant through 2010 following his resignation, and will remain the company's largest individual shareholder. He also intends to pursue a business endeavor in social service, consistent with his continuing educational focus at the University of Oxford in England.
"Mohan began this company with a solid vision of what it could become, and achieved that vision with a steady hand at the helm, and a long view of the horizon," said Mr. Suriyakumar, speaking for the board. "His strategic planning and execution has given ARC the tools and depth to continue to grow and deliver value to both our customers and to our shareholders. Mohan has effected this management transition with the same deliberation and grace in which he led the company, and we thank him for his efforts over the past 21 years."
The board will begin a search for a new board member immediately.
The company plans to report its second quarter financial results on August 7, 2008, after market close, as previously announced.