| JAMES S. TROUBA JOINS COVANSYS
CORPORATION AS CHIEF FINANCIAL OFFICER
Brings Nearly 20 Years of Experience to Post
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--June 15, 2004--Covansys
Corporation (Nasdaq: CVNSE - News), a global consulting and technology
services company, today named James S. Trouba as the company's
new chief financial officer.
As CFO of Covansys, Trouba will oversee all global finance functions
and have direct responsibility for corporate accounting, tax, treasury
and investor relations activities. He will also oversee corporate
development, and the planning and internal control functions of
the company. Trouba will serve as a member of the company's executive
team, reporting to Covansys President and Chief Executive Officer
Martin C. Clague.
To ensure a smooth transition, John Andary, the former CFO of
Syntel, who has been serving as interim CFO since March 18, 2004,
will stay on in a consulting capacity during a transition period.
"It's a pleasure to have Jim join the Covansys team," said
Clague. "He is highly regarded as an auditor, business advisor
and transaction professional for global publicly traded companies.
Covansys was Jim's client at one point in his career; his knowledge
of the company and his recent experiences are a great fit."
Trouba, 41, comes to Covansys from Ernst & Young LLP where
he completed a nearly 20-year career auditing and advising global
public companies in a number of areas, including acquisitions and
internal controls.
"I have always prided myself on providing outstanding client
service, and I am excited to have the opportunity to be able to
apply my experience and expertise as CFO of Covansys," said
Trouba. "After so many years spent advising the CFOs of dynamic
public companies, I look forward to the opportunity to serve as
the CFO of an outstanding Michigan corporation."
A resident of Ann Arbor, Trouba holds a bachelor's degree in Business
Administration from the University of Michigan, and is a member
of the American Institute of Certified Public Accountants and the
Michigan Association of Certified Public Accountants.
About Covansys
Headquartered in Michigan, Covansys Corporation (Nasdaq: CVNS)
is a global consulting and technology services company specializing
in industry-specific solutions, strategic outsourcing and integration
services. Clients gain competitive advantage by leveraging our
unique on-site, offsite, offshore delivery capability to achieve
rapid deployment, world-class quality and reduced costs. A leader
in the public sector market, Covansys is also known for application
maintenance and development outsourcing in the healthcare, financial
services, retail and distribution, manufacturing, telecommunications,
and high-tech industries. Founded in 1985, with over 5,100 employees
worldwide, Covansys was one of the first U.S.-based IT services
companies to establish offshore facilities in India, and is a pioneer
in seamlessly integrating offshore capabilities into its offerings.
Two of the company's three wholly owned development centers in
India are assessed at Level 5 in SEI CMM®. All three are ISO
9001:2000 certified and assessed at Level 5 in PCMM®. Covansys
was named one of the leading IT companies for state and local governments
in 2002, 2003 and 2004 by Washington Technology magazine, and one
of the top 500 solution providers in 2002 and 2003 by VARBusiness
magazine.
FOR FURTHER INFORMATION:
Covansys Corporation
Investors:
David Roady, 248-848-2221
droady@covansys.com
or
Media:
Laura Livingstone, 401-457-8514
llivings@covansys.com
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