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TheStreet Open House

PRGX Appoints Steve Kingston As Managing Director Of Client Services For Its Europe And Asia Pacific Region

Stocks in this article: PRGX

ATLANTA, Sept. 25, 2012 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq:PRGX), the world's leading provider of recovery audit services and the pioneer in Profit Discovery TM, announced today that Steve Kingston has joined the Company to run Client Services for its Europe and Asia Pacific (EAP) region.

Kingston will be based in Luton, UK and will report to PRGX president and CEO, Romil Bahl. "Steve is a seasoned leader in professional services and brings to bear his experience in building and leading high-performing global teams," said Bahl.

In his role, Kingston will oversee all existing client relationships that PRGX has in the EAP region, as well as drive new business development. Continued Bahl, "I could not be more optimistic about the future of our business across the EAP region, and Steve is exactly the leader who can help ensure we take advantage of our many opportunities there."

Kingston joins PRGX from Infosys where among other roles, he was the European lead partner of the company's consulting business, and the global leader of the Consulting & Systems Integration Services for the Energy, Utilities, Communications and Services industry segments. Prior to Infosys, Kingston was a partner with IBM's Business Consulting unit. He joined Price Waterhouse after several years in the Oil and Gas industry and became a partner with PwC Consulting in 1999, before the 2002 acquisition of PwC Consulting by IBM.

"I am excited about the opportunity to join the PRGX Global senior leadership team, and certainly the opportunity to lead the exciting growth prospects across Europe and increasingly, across Asia. I look forward to leveraging my experience of growing professional services practices and world-class teams for PRGX," said Kingston.

In connection with Mr. Kingston's employment, on September 24, 2012 the Company granted equity awards to Mr. Kingston consisting of 45,000 restricted stock units, as well as options to purchase 45,000 shares of the Company's common stock with a seven-year term and an exercise price equal to $8.54 per share, the closing price of the common stock on the grant date. One-third of the restricted stock units and options vest on each of the first, second and third anniversaries of the grant date, subject to the employee's continued employment with the Company over such period. The restricted stock units and options also vest in full in the event of a change in control of the Company, provided the employee remains continuously employed by the Company until such event.

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