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Jeudi 18 Septembre 2008

ARI : Kenneth Folberg CFO (Chief Financial Officer)

ARI, a leading provider of technology-enabled business solutions that connect equipment dealers, distributors and manufacturers, today announced that Kenneth Folberg has joined the Company as Chief Financial Officer and Vice President of Finance. In his role as CFO, Folberg will be responsible for management of business operations and implementation of strategic financial planning.

ARI : Kenneth Folberg CFO (Chief Financial Officer)
"We are very pleased to add Ken Folberg to our management team," said Roy W. Olivier, president and chief executive officer of ARI. "Ken brings the expertise and track record of a successful leader, as well as the hands-on business experience of a seasoned operations executive," added Olivier. "His strong combination of skills and experience working for publicly traded companies will be an important addition to ARI's executive management team and will support our renewed efforts to increase value for our customers and shareholders while helping us streamline our business operations," concluded Olivier.
Folberg brings over 16 years of executive experience in financial and operations management to ARI. Most recently, he served as Global Finance Program Director for Manpower, Inc. , a world leader in the employment services industry. Prior to joining Manpower, he was a contract finance executive with Resources Global, where he served as interim CFO or in other executive finance positions for several large and mid-sized clients. He also served as Controller and Vice President of Logistics and Labor Relations with Fresh Brands, Inc., a mid-sized public supermarket distributor, from 1990 to 1999. Prior to joining Fresh Brands, Folberg was a senior auditor and consultant with Deloitte & Touche at its Los Angeles and Milwaukee offices. Folberg earned a Bachelor of Science degree in Accounting from the University of Southern California.

"ARI is an accelerating, international growth company with an outstanding suite of products and services that are well-respected in the industries they serve and a dynamic management team," said Folberg. "I am excited about working with my new colleagues in the U.S. and other parts of the world. I look forward to helping ARI streamline operations and developing a long-term strategic plan that will support ARI's fast-growing U.S. and international businesses and growth plans."

About ARI
ARI is a leading provider of electronic parts catalogs and marketing services to dealers, distributors and manufacturers in the manufactured equipment markets. ARI currently serves 76 manufacturers, 158 distributors worldwide and provides CD-ROM catalogs to more than 20,000 dealers, as well as internet catalogs to many additional dealers in about a dozen segments of the worldwide equipment market including outdoor power, power sports, motorcycles, appliances, ag equipment, marine, recreation vehicles, floor maintenance, auto and truck parts after-market and construction.


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