MAXIMUS (NYSE:MMS), a leading provider of government
services, announced today that Richard A. Montoni, its Chief Financial
Officer, has resigned to assume another CFO position located in his
native New England. Mr. Montoni's resignation will be effective March
31, 2006 and he will be available to consult on the Company's behalf
in order to ensure a smooth transition. A search for a new CFO is
underway and the Company has initiated a transition plan with an
internal senior financial team assuming day-to-day responsibilities.
"Rich has been an outstanding contributor to MAXIMUS since assuming the CFO role in 2002, and we will miss his considerable talents and leadership," stated Lynn Davenport, MAXIMUS Chief Executive Officer. "He has brought increased discipline to our finance and accounting organization that will continue as his legacy, and we wish him every success in his new position."
"While I look forward to the new challenges ahead, I leave MAXIMUS with the utmost respect for the mission and integrity of the company and its employees. The Company has many opportunities ahead, with a tremendous executive team that is supported by 5,000 dedicated employees. MAXIMUS is well positioned to capitalize on expanding its market presence," stated Rich Montoni.
MAXIMUS is one of America's leading government services companies devoted to providing program management, consulting and information technology services. The Company has more than 5,100 employees located in more than 280 offices in the United States, Canada and Australia. In 1999, 2001, 2002, 2003, and 2004 MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Annual Report filed with the Securities and Exchange Commission (file number 001-12997).
"Rich has been an outstanding contributor to MAXIMUS since assuming the CFO role in 2002, and we will miss his considerable talents and leadership," stated Lynn Davenport, MAXIMUS Chief Executive Officer. "He has brought increased discipline to our finance and accounting organization that will continue as his legacy, and we wish him every success in his new position."
"While I look forward to the new challenges ahead, I leave MAXIMUS with the utmost respect for the mission and integrity of the company and its employees. The Company has many opportunities ahead, with a tremendous executive team that is supported by 5,000 dedicated employees. MAXIMUS is well positioned to capitalize on expanding its market presence," stated Rich Montoni.
MAXIMUS is one of America's leading government services companies devoted to providing program management, consulting and information technology services. The Company has more than 5,100 employees located in more than 280 offices in the United States, Canada and Australia. In 1999, 2001, 2002, 2003, and 2004 MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Annual Report filed with the Securities and Exchange Commission (file number 001-12997).
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