GSE Systems Appoints Audit Industry Veteran, Jim Stanker, to its Board of Directors
SYKESVILLE, MD – August 8, 2016 – GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT: GVP), the world leader in real-time high-fidelity simulation systems and training solutions to the power and process industries, today announced that its Board of Directors has appointed Jim Stanker as a Class I Director and member of the Audit Committee, effective August 8, 2016. With Mr. Stanker’s addition, GSE’s Board has increased to seven directors, including five independent members.
Mr. Stanker brings to GSE’s Board more than 30 years of strategic audit expertise and financial leadership with multinational corporations in the technology, manufacturing and commercial product industries. Most recently, he concluded a sixteen year career at Grant Thornton LLP, where he served in various leadership capacities, including audit partner, professional practice director for the Atlantic Coast market, and global head of audit quality for the firm’s international organization. Prior to Grant Thornton, Mr. Stanker served terms as the Chief Financial Officer of a NASDAQ-listed technology company and the Chief Financial Officer of a privately-held life science startup. He started his career as an auditor with Touche Ross in the early 1980s.
Mr. Stanker earned a Master of Business Administration from California State University, East Bay and a BS degree in Aeronautics from San Jose State University. He is a licensed Certified Public Accountant (CPA) in Maryland, Virginia, and Washington, D.C., and received the global management accounting designation from the American Institute of CPAs (AICPA).
Kyle Loudermilk, GSE’s President and Chief Executive Officer, said, “We welcome Jim to the Board of Directors and look forward to benefiting immediately from his expertise in corporate governance, strategic financial management and best practices in corporate controls. His substantial auditing and financial expertise will help us immensely in this next phase of our growth journey.”
Mr. Stanker commented, “GSE’s proven simulation and training technology platform provides an excellent foundation for future growth. I am honored to join the other highly-qualified members of GSE’s Board and look forward to helping them guide management during the ongoing transformation and growth of the business.”
About GSE Systems, Inc.
GSE is a world leader in real-time high-fidelity simulation, providing a wide range of simulation, training, consulting and engineering solutions to the power and process industries. Its comprehensive and modular solutions help customers achieve performance excellence in design, training and operations. GSE’s products and services are tailored to meet specific client requirements such as scope, budget and timeline. The Company has over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. GSE Systems is headquartered in Sykesville (Baltimore), Maryland, with offices in Navarre, Florida and Beijing, China. Information about GSE Systems is available at www.gses.com.
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