Steven Fisher Joins Lionbridge Board of Directors
WALTHAM, Mass. - March 2, 2009 - Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced the addition of Steven Fisher to its Board of Directors. Throughout his career, Fisher has served a number of management roles in finance, corporate development and strategic planning. Fisher is currently Chief Financial Officer of Novelis Inc., an $11 billion global leader in aluminum rolled products and recycling, which was recently acquired by Hindalco Industries of India.
“Lionbridge is entering an exciting point in its evolution,” said Fisher. “The Company has completed its first phase of building a truly global company by creating effective worldwide control systems and appropriate tax structures. I look forward to working with Rory and his team to help take the Company to its next stage of success and to drive additional value for customers, employees and shareholders.”
In his role as CFO of Novelis, Fisher oversees the Company’s financial operations and capital management activities. Prior to his position as CFO, Fisher managed the Company’s mergers and acquisition processes, which led to the $6 billion sale of Novelis Inc. to Hindalco Industries, the largest acquisition by an Indian company in North America.
Before joining Novelis, Fisher was Vice President and Controller of TXU Energy LLC, a $9.5 billion market-leading competitive retailer of electricity and related services. Fisher also spent several years as Vice President and Controller at Aquila, Inc., a $1.3 billion diversified energy company.
“Steve brings a rich combination of global finance and strategic development expertise to the Lionbridge Board of Directors. As we prepare Lionbridge for the next level of growth, we will benefit from Steve’s experience in expanding multi-billion dollar organizations and managing cost in complex, global environments with underlying currency volatility,” said Rory Cowan, CEO, Lionbridge. “In addition, Steve’s interaction with the Indian business community will serve to bolster our knowledge of the country with our largest employee population.”
About Lionbridge
Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a $461 million provider of globalization and offshoring services. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle - from development to globalization, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.