Source: Affiliated Computer Services
Affiliated Computer Services, Inc. (NYSE: ACS) , a premier provider of business process outsourcing and information technology solutions, announced today that the ACS Board of Directors has elected Robert B. Holland, III, to its Board of Directors effective immediately.
Darwin Deason, Chairman of the ACS Board of Directors said, "We are extremely pleased that Bob Holland is joining our Board. He is a very talented corporate executive and his broad international experience, including his most recent experience as U.S. Executive Director of the World Bank, will be invaluable to ACS as we continue to expand our global client base. We look forward to the significant contributions Bob will make to our Board."
Mr. Holland, 54, represented the United States on the Board of Directors of the World Bank from 2002 through 2006. The World Bank provides financial, technical, and economic development assistance to developing countries and includes 184 member countries. In his position as U.S. Executive Director, Mr. Holland was involved in the loan approval, investments, country assistance strategies, budgets, audits, and business plans of the World Bank, including coordination of its activities with the International Monetary Fund, U.S. Treasury Department, U.S. State Department, and the National Security Council. His experience included involvement with World Bank projects and foreign government finance and other ministries around the world. Mr. Holland also served on the Audit Committee of the World Bank during his tenure and was confirmed as an audit committee financial expert.
Mr. Holland was managing partner of Texas Limited, a private consulting and investment partnership, from 1999 until 2002. From 1993 through 1999 he held various executive positions with Triton Energy Limited, a NYSE-listed international exploration company operating on every continent, including the positions of General Counsel, Chief Operating Officer, and Chief Executive Officer. Mr. Holland was a partner with Jackson Walker, LLP through 1994.
He previously served on the Board of Directors of TCA Cable TV, Inc., a NYSE-listed company, until its sale to Cox Communications in 1999. He also currently serves on the Board of Directors of Max Petroleum, plc, a London Stock Exchange-listed company, and is Chairman of the Audit Committee. Mr. Holland earned his undergraduate degree in Economics from Stanford University in 1974 and his law degree from the University of Texas Law School in 1977.
The ACS Board of Directors has determined that Mr. Holland is an independent director under the NYSE-listing standards and the Company's published director independence guidelines. The addition of Mr. Holland to the Board increases the size of the ACS Board to eight members, including five independent directors.