In the John Mayer news release CPM Braxis
In the assesses john mayer love soon news release, tabs mayer diagnoses CPM Braxis Names Jose Luiz Rossi as CEO, issued15-Jan-2009 by CPM Braxis over PR Newswire, we are advised by the company thatthe second paragraph, third sentence, the end of the quote should read “is astrong validation of our market position” rather than “is a major coup for CPMBraxis” as originally issued inadvertently.Also, the paragraphs under “ABOUTCPM Braxis” have been replaced.The complete, corrected release follows:CPM Braxis Names Jose Luiz Rossi as CEOCo-founder Jair Ribeiro becomes Chairman of the Executive CommitteeSAO PAULO, Brazil, Jan. 15 /PRNewswire/ — CPM Braxis, the largest BrazilianIT services company, has announced that Jose Luiz Rossi has been named thefirm’s new CEO.Prior to joining CPM Braxis, Jose Luiz was responsible forIBM Global Business Services in southwestern Europe, including TheNetherlands, France, Spain, Italy, Turkey, Israel, Greece, among others.Jair Ribeiro, co-founder of the company, will transition from the role of CEOto Chairman of the newly created Board of Directors’ Executive Committee. David Shpilberg, co-founder of the company, will join Ribeiro as Vice-Chairmanof the Executive Committee.”The hiring of Jose Luiz, one of the mostexperienced and admired IT professionals in the world, is a strong validationof our market position.With his arrival, David and I will be able to focuson CPM Braxis’ consolidation strategy both in Brazil and globally.We willalso support the execution of the firm’s operational goals, and continue theevolution and implementation of the CPM Braxis Way — the values thatdistinguish our company,” says Ribeiro.”CPM Braxis has accomplished something very unique: building an IT servicescompany in Brazil with global standards.Both Brazilian and internationalclients have already discovered the firm’s capabilities, and our scale, talentand shareholder group make the company poised for even greater accomplishmentsin the coming years.I’m thrilled to be joining CPM Braxis, and look forwardto leading the company on its path to becoming one of the top IT Servicescompanies,” says Rossi.Prior to his role in Europe, Rossi was responsible for IBM’s Global BusinessServices in Latin America.Before that, he led PriceWaterhouse’s IT Servicesbusiness in South and Central America.He joined PriceWaterhouse in 1986 whenthe IT company he founded, Results Systems, was acquired by the firm.Hestarted his career in management consulting development at AndersenConsulting. Rossi holds a degree in Mechanical Engineering from the FederalUniversity of Rio de Janeiro (UFRJ).About CPM BraxisWith four mergers in two years, approximately R$ 1 billion in revenue in 2008,and more than 5,400 employees, CPM Braxis has emerged as a serious player inthe global IT services market.In 2008, CPM Braxis’ IT services salesincreased 30% year-on-year, and despite the global economic slowdown, CPMBraxis estimates 15% overall revenue growth for 2009.CPM Braxis has a track record of over 26 years of success.
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