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Letter to the Editor
Thursday July 15
Solera Holdings Appoints Renato Giger CFO and Will Move Corporate Headquarters to Dallas-Fort Worth Metroplex
Solera Holdings, Inc., a global provider of software and services to the automobile insurance claims processing industry, has appointed Renato Giger to the position of Chief Financial Officer. Giger's appointment follows Solera's decision to conclude Dudley Mendenhall's employment as Chief Financial Officer. Mendenhall's separation from Solera was not prompted by any regulatory issues nor is it related to Solera's financial statements or other reporting requirements. Solera notified Mendenhall on July 2, and he will continue to work through August 15 as part of a planned transition."We made this change to better align our executive management team with the Solera mission to reach one billion in revenue. Renato has successfully taken on increasing responsibility over the past four years and has consistently contributed to Solera's growth," said Tony Aquila, founder, Chairman and CEO of Solera Holdings, Inc. "We would like to thank Dudley for his efforts and wish him well in his future endeavors."
Giger was previously the Global Corporate Controller of Solera and Chief Financial Officer of EMEA. He has been with Solera since its acquisition of the Claims Services Group from Automated Data Processing, Inc. in 2006 and worked with the predecessor companies for thirteen years.
In addition, Solera announced its decision to move its corporate headquarters and global executive team from San Diego to the Dallas-Fort Worth metroplex.
"The relocation of our corporate headquarters to the Dallas-Fort Worth area gives us a broader recruitment pool and better labor arbitrage, cost efficiencies, and improved mobility and access to our markets," said Aquila. "This will place us closer to main transportation arteries and allows us to share additional business hours with our customers and colleagues around the world."
The relocation includes the Solera senior executive team which is: Tony Aquila, Founder, Chief Executive Officer, President and Chairman of the Board; John Giamatteo, Chief Operating Officer; Renato Giger, Chief Financial Officer; Abilio Gonzalez, Senior Vice President Corporate Global Human Resources; Jason Brady, General Counsel and Corporate Secretary; and Kamal Hamid, Vice President of Investor Relations.
The corporate headquarters relocation does not impact other U.S.-based operations.
Solera provides software and services to the automobile insurance claims processing industry in over 50 countries across six continents.
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