“The Board of Directors is delighted that Fred will lead CTI Group,” Michael Reinarts, CTI Group’s Chairman of the Board, commented. “I want to thank Fred for agreeing to serve as interim President and CEO. Having worked with Fred as CTI Group’s CFO, I am confident that he brings the continuity, leadership, business skills, and knowledge of CTI Group necessary to move the Company forward” Mr. Reinarts continued.
Mr. Birbeck stated: “I have worked very closely with Fred over my tenure with CTI Group and I am confident that Fred’s business acumen and capabilities position CTI Group to fully take advantage of growth opportunities. Remaining on the Board, I look forward to ensuring a smooth and seamless transition and continuing to work with Fred.”
“I am pleased to have the opportunity to serve as President and CEO of CTI Group” said Mr. Hanuschek. “I want to thank the Board and my fellow employees for their confidence and support. I look forward to continue working with our accomplished and capable executive team to deliver greater value to our customers and shareholders.”