- Company Commences Search for Successor -
RESTON, Va.--(BUSINESS WIRE)--MAXIMUS (NYSE: MMS), a leading provider of government services
worldwide, announced today that David N. Walker plans to retire from his
role as Chief Financial Officer and Treasurer of MAXIMUS upon the
successful completion of an executive search. Mr. Walker plans to
continue on as a full-time employee to ensure a successful transition
until approximately December 2014, whereupon he will assume a part-time
support role to the Chief Executive Officer. The Company has engaged
Korn Ferry to conduct a search for a successor.
“David has served as a valued member of the senior leadership team and
played an integral part in developing the long-term strategy for the
Company,” said Richard A. Montoni, Chief Executive Officer of MAXIMUS.
“During his tenure with MAXIMUS, his contributions included partnering
with business leaders to improve the overall efficiency of their
operations and drive margin expansion. David was invaluable in helping
to develop and implement many best practices that directly led to
improved financial results over the last seven years. All of these
efforts helped solidify the strong market position and the long-term
growth platform we experience today. We wish him all the best in
retirement and look forward to his continued contributions as a trusted
advisor to MAXIMUS.”
Peter Pond, Chairman of the MAXIMUS Board of Directors, stated, “On
behalf of the MAXIMUS Board of Directors, I thank David for his
dedication and service to MAXIMUS. We are proud of David’s many
accomplishments, including being recognized as CFO of the Year by the
Washington Business Journal. Few executives have the opportunity to make
such a substantial contribution as David has during his tenure with
MAXIMUS. We sincerely wish him the best in his retirement.”
“I want to thank MAXIMUS for the opportunity to serve as CFO for the
last seven years. My time at MAXIMUS has been very rewarding, both
professionally and personally, as I’ve had the pleasure of working with
some of the best and brightest people in the industry,” commented David
N. Walker. “I’m excited about this next chapter in my life and look
forward to spending more time with my family and volunteering with
non-profit organizations and other social causes.”
About MAXIMUS
MAXIMUS is a leading operator of government health and human services
programs in the United States, United Kingdom, Canada, Australia and
Saudi Arabia. The Company delivers business process services to improve
the cost effectiveness, efficiency and quality of government-sponsored
benefit programs, such as Medicaid, Medicare, Children's Health
Insurance Program (CHIP), Health Insurance BC (British Columbia), as
well as welfare-to-work and child support programs around the globe. The
Company's primary customer base includes federal, provincial, state,
county and municipal governments. Operating under its founding mission
of Helping Government Serve the People®, MAXIMUS has
approximately 12,000 employees worldwide. For more information, visit www.maximus.com.
