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ISC appoints Shawn Peters as president and CEO

Published: 09:19 13 Oct 2021 EDT

ISC - ICS internally appoints Shawn Peters to role of president and CEO
Peters will take over for Jeff Stusek, who has decided to step down for personal reasons, after 13 years at the information technology firm

Information Services Corporation said it has appointed Shawn Peters, currently executive vice president and CFO, as president and CEO of the company effective February 1, 2022.

Peters will take over from Jeff Stusek, who has decided to step down for personal reasons after 13 years at the information technology firm. Additionally, Stusek will be available to ISC (TSX:ISV) in an advisory capacity to ensure a smooth transition.

“On behalf of the board, I would like to thank Jeff for his steadfast commitment, as well as recognize the significant contribution he has made during his time with the company,” Joel Teal, chair of ISC’s board of directors, said in a statement.

READ: ISC sees 2Q revenue jump by 44% to $44.6M, driven by registry operations and services segment

Teal went on to say: "His calm and determined manner have been synonymous with his leadership, and he has been instrumental in leading the company through a time of transformational change and in creating a highly successful, well-positioned and diversified business,

The company told shareholders, the process to identify the successor for the chief financial officer position will be undertaken immediately.

The chairman also noted, “Shawn [Peters] is a well-rounded and experienced executive with strong strategic acumen who has proven to be an exceptional leader since joining ISC in April 2012. The Board is confident that under his leadership and through his deep familiarity with the company, ISC will continue to grow in a strategic manner and deliver long-term value to shareholders. On behalf of the board, I would like to congratulate Shawn on his appointment.”

Moving ahead, ISC is focused on sustaining its core business while pursuing new growth opportunities. 

Contact the writer at georgia@proactiveinvestors.com

 

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