GSE Systems Appoints Suresh Sundaram to its Board of Directors
SYKESVILLE, MD – September 15, 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 elected Suresh Sundaram as a Class II Director and Chairman of the Nominating Committee effective September 14, 2016. The Board also has appointed Jim Stanker Chairman of the Audit Committee effective the same day.
Dr. Sundaram has more than 25 years of experience in product development, sales operations, and marketing leadership, focused on simulation technology. In August 2016, he was appointed Senior Vice President, Products and Marketing at Exa Corporation, a publicly-traded simulation software company focused on product engineering solutions. Prior to Exa, Dr. Sundaram held a variety of leadership roles during a twenty-year career at Aspen Technology, a publicly-traded process software company, where he most recently was Senior Vice President of Products and Market Strategy. Dr. Sundaram earned his Master of Science and Ph.D. degrees in Chemical Engineering from the Massachusetts Institute of Technology (MIT) and a Bachelor of Science degree in Chemical Engineering from the Indian Institute of Technology (IIT), Bombay.
Kyle Loudermilk, GSE’s President and Chief Executive Officer, said, “Suresh comes to our Board of Directors with highly relevant marketing and new product development experience and expertise, particularly in simulation technology and software. We welcome Suresh and look forward to his guidance as we expand our software offerings in the power and process sectors.”
Dr. Sundaram commented, “I am honored to join GSE’s Board and look forward to contributing to the Company’s success. I am excited to contribute to the growth of GSE as a new Board Member, as I see the company has a skilled and specialized workforce and highly differentiated technology for the power and process industries. Based on my experience building successful simulation technology businesses, I believe GSE is well positioned to exploit those capabilities in its end user markets.”
Separately, Dr. Sheldon L. Glashow, a director since 1995, announced his retirement from the Board of Directors effective September 15, 2016. Mr. Loudermilk commented, “We are grateful for Sheldon’s more than two decades of service as a Director of GSE’s Board, and wish him the best in his future endeavors.”
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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