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New Delhi – Tuesday, December 11,
2007– ExlService Holdings, Inc. (NASDAQ:
EXLS), a recognized business solutions provider,
today announced the appointment of Clyde W. Ostler
to its Board of Directors.
Clyde W. Ostler, 60, will join EXL’s Board
of Directors as an independent director and will
also serve on the Audit Committee and Compensation
Committee of the Board of Directors. Mr. Ostler
will replace Mr. Garen K. Staglin as a “financial
expert” on the Audit Committee and he will
also replace Mr. David B. Kelso on the Compensation
Committee. Messrs. Staglin and Kelso will continue
to serve on the other Committees of which they were
members.
Mr. Ostler currently serves as Group Executive Vice
President of Wells Fargo & Company where he
is responsible for the Wealth Management Group and
the Internet Services Group. Mr. Ostler joined Wells
Fargo & Company in 1971 and has served in numerous
roles during his tenure including General Auditor,
Executive Vice President & Chief Financial Officer,
and Vice Chairman in the Office of the President.
“I am excited to be joining a recognized leader
in providing business solutions to winning multinational
corporations, especially in the increasingly important
area of global outsourcing and transformation of
key business processes,” commented Mr. Ostler.
Steven B. Gruber, Chairman of the Board of EXL,
commented: “We are looking forward to having
Clyde join EXL’s Board of Directors. Clyde’s
significant experience and recognized industry leadership
in financial services will complement our existing
board of directors and will be a tremendous asset
to EXL.”
Vikram Talwar, CEO and Vice-Chairman of EXL, commented:
“As a senior leader at one of the most successful
global banking institutions, Clyde will serve as
invaluable counsel to EXL management as we continue
to execute on our ambitious growth plans.”
Commenting on Mr. Ostler’s appointment, Rohit
Kapoor, President and Chief Operating Officer of
EXL stated that “We are delighted that Clyde
has decided to join our board and further strengthen
our corporate governance structure. We look forward
to leveraging Clyde's vast experience in Corporate
Finance that would guide us in our strategic initiatives.”
ExlService Holdings, Inc. (NASDAQ: EXLS) is a recognized
business solutions provider. EXL’s offerings
provide a competitive edge to its clients by transforming
and outsourcing business processes. Transformation
services enable continuous improvement of client
processes by bringing together EXL’s capabilities
in reengineering including Six Sigma process improvement,
research & analytics, and risk advisory services.
EXL’s outsourcing services include a full
spectrum of business process services from offshore
delivery centers requiring ongoing process management
skills. Headquartered in New York, EXL primarily
serves the needs of Global 1000 companies in the
banking, financial services, insurance, utilities,
healthcare, telecommunications and transportation
sectors. Find additional information about EXL at
www.exlservice.com
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