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Letter to the Editor
Thursday September 20
Mitchell International Announces Leadership Succession Plan
Mitchell International's Board of Directors has unanimously approved a succession plan intended to ensure strong leadership at Mitchell in the years to come. Effective January 1, 2008, Alex Sun, President of Mitchell, will become President and Chief Executive Officer and a member of Mitchell’s Board of Directors. Alex Sun joined Mitchell in 2001 as Executive Vice President and Chief Financial Officer and assumed the title of President in early 2005. James Lindner, who has been Mitchell’s Chief Executive Officer since 1997, will become Executive Chairman of the Board."I want to thank the Board of Directors for their support and confidence in our leadership team, strategy and vision for Mitchell’s successful future," stated Alex Sun. "Under Jim’s firm guidance over these past ten years, Mitchell has consistently grown its revenue, earned a stellar reputation for world-class customer service and developed many of the key innovations our customers rely on every day to drive their business. I look forward to working with our extended management team, customers and stakeholders in continuing Mitchell’s rich legacy of achievement. Moreover, I am excited that Jim will be working with us as Executive Chairman as we continue to pursue opportunities to expand the breadth of our products and services.”
"As Chief Executive Officer of Mitchell for the past ten years, one of my key responsibilities was to build an organization that would ensure Mitchell’s long-term industry leadership," stated Lindner. "I am pleased to turn the Chief Executive Officer position over to someone of Alex Sun’s caliber. Having worked closely with Alex over the past several years I have experienced his strong leadership skills and business acumen first hand. His in-depth understanding of our operations, combined with his strategic vision for our industry and Mitchell’s future, will benefit all of our customers and business partners. As Executive Chairman of the Board, I will continue to work closely with Alex and his team on a number of key areas, including acquisition and partnering opportunities, corporate strategy and customer relations.”
John Mapes, Managing Partner at Aurora Capital, added, “As we stated at the time we consummated our investment in Mitchell, Aurora Capital has great confidence in Mitchell’s leadership. With this succession plan, customers can continue to expect new, innovative products and strategic acquisitions which will allow Mitchell to deliver greater value to its customers.”
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