ePlus Announces Changes to Board of Directors
Gus Hunt, former Chief Technology Officer of the CIA, joins as independent director
HERNDON, VA - September 10, 2014 - ePlus inc. (Nasdaq NGM: PLUS - news) today announced that Mr. Gus Hunt, the former chief technology officer (CTO) of the Central Intelligence Agency (CIA), has been elected as a new member to its Board of Directors. The Board has determined that Mr. Hunt is an independent director within the meaning of Nasdaq rules.
"We welcome Gus Hunt to the Board. Mr. Hunt's experiences as a long-time senior executive at the CIA, combined with the extensive network of relationships and connections he has built throughout the venture capital, private equity, and start-up communities, bring an additional set of skills and opportunities to the Board," said Phillip G. Norton, chairman, president and chief executive officer of ePlus.
"I am pleased to join the Board of ePlus, a leading advanced solutions provider which is very well positioned to meet the needs of today's customers in an increasingly complex IT environment. I look forward to working with the Board and senior management to enhance value for all stakeholders," Mr. Hunt said.
Mr. Hunt will replace Mr. Milt Cooper, an ePlus director since 2003, who is retiring.
"I'd like to thank Milt for his dedicated service to ePlus as a member of the Board of Directors. Milt was an instrumental part of the Board and helped guide ePlus for more than 10 years," Mr. Norton said.
Mr. Hunt retired from the CIA as their CTO in October 2013 after a 28 year career. As CTO, Mr. Hunt set the information technology strategic direction and future technology investment plan for the CIA. Mr. Hunt developed the CIA's Accelerated Technology Adoption Process to enable the CIA to dramatically speed up its processes to discover, evaluate, acquire and implement new capabilities in support of its business requirements. In previous positions at the CIA, Mr. Hunt was also responsible for building the mission software that the CIA's core business activities used to conduct their day-to-day work, and also shifted the agency to a services-based IT architecture and environment.
Mr. Hunt is currently president and CEO of Hunt Technology, LLC, a private consulting practice focused on strategic IT planning, cyber and data-centric security, big data analytics, and cloud computing. He serves as an Operating Partner for LLR Partners, a private equity investment firm, and as an advisor to Artis Ventures, a Silicon Valley venture capital investment group. He holds a Bachelor of Engineering and Masters of Engineering in Civil/Structural Engineering from Vanderbilt University in Nashville, Tennessee.
A full biography of Mr. Hunt is available on ePlus' investor relations website: www.eplus.com/investors.
About ePlus inc.
ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering complex information technology solutions, which may include managed and professional services and products from top manufacturers, flexible financing, and proprietary software. Founded in 1990, ePlus has more than 950 associates serving commercial, state, municipal, and education customers nationally. The Company is headquartered in Herndon, VA. For more information, visit www.eplus.com, call 888-482-1122, or email firstname.lastname@example.org. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at www.twitter.com/ePlus.
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