Getronics Receives New Capital to Position for Future Growth

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LONDON, Feb. 7, 2020 /PRNewswire=KYODO JBN/ --

- Announces Leadership Transitions in International Business

Getronics (the "Company"), the global IT services group, has recently received

further financial backing from its lenders to invest in transformation initiatives

to drive long-term growth.

In connection with this announcement, Rogier Bronsgeest (COO of Getronics) and

Hugo Eales will be co-leading the international business under the Getronics brand.

Their focus will be on transforming the business while ensuring a continued commitment

to employees, customers, and suppliers. Rogier will continue to serve in his role as

Chief Operating Officer, with responsibility for managing the excellent service Getronics

provides to its customers and ensuring they are at the forefront of this change.

Hugo, former CFO of COLT Technology Services, has been appointed Chief Financial Officer.

As previously announced, the North American business of Getronics will be

relaunched under its legacy brand, Pomeroy. The North American and

international businesses will continue to collaborate to serve clients globally.

Rogier commented, "We are committed to operating our business with our usual

high standards and continuing productive relationships with all of our customers

and business partners during this period of transition at Getronics. I would like to

thank our outstanding team for their dedication to providing our customers with

essential capabilities and unmatched user experiences to succeed in the dynamic

digital business environment. We look forward to emerging as a stronger company,

better positioned for the future."

"With the support of our stakeholders, we are taking proactive steps forward to

improve our capital structure while continuing to provide our customers the

differentiated services and solutions they expect from Getronics," said Hugo.

"Getronics has a strong underlying business and the new investment will provide

the financial flexibility to unlock value for all Getronics stakeholders. It reflects

our stakeholders' confidence in our business and our team as we continue to execute

our transformation strategy to improve cost management, drive revenue growth and

enhance Getronics' global competitive position."

About Getronics

Getronics is a global ICT integrator with an extensive history that extends over 130 years.

Our vision is to become the preferred partner in business transformation using technology

and exceptional people, with a unique focus on happy clients by enabling happy employees.

With nearly over 7,000 employees in 23 countries across Europe, Asia Pacific, North and

Latin America, Getronics' Transformation portfolio brings a strong capability and expertise

around managed workspace, applications, industry specific software solutions, multi-cloud

management, unified communications and security services to provide a proactive, end-to-end

portfolio to enable the digital user – business or consumer, in both public and private sector.

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Source: Getronics