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Ciber CEO retires, CFO takes on interim role

April 12 2010

Ciber Inc. (NYSE: CBR) President and CEO Mac Slingerlend retired, the company announced today. Executive VP and CFO Peter Cheesbrough will fill in as interim president and CEO.

The Greenwood Village CO-based information technology solutions and staffing firm also said company founder Bobby Stevenson will step down as board chairman, but remain on the board. The chairman role will be taken on by board member Paul Jacobs.

Ciber hired Heidrick & Struggles International Inc. (NYSE: HSII) to find a permanent replacement for its CEO.

Interim CEO Cheesbrough joined Ciber in October 2007 as VP and CFO. He previously served as CFO at Navigant Biotechnologies, and prior to that served in senior management positions at Echo Bay Mines Ltd. Cheesbrough was born in England and began his career as a chartered accountant at Coopers & Lybrand.

Former CEO Slingerlend was named "president emeritus" of Ciber, and will be available to the company as a consultant. Slingerlend joined Ciber in January 1989 as executive VP and CFO. He was promoted to CEO in March 1998.

Jacobs, who will take over as board chairman, joined Ciber in February 2005. Jacobs founded Denver law firm Jacobs Chase Frick Kleinkopf & Kelly LLC. In addition, he served as executive VP and general counsel for the Colorado Rockies baseball team from 1991 through February 1995.

Stevenson, one of the three founders of the firm, served as Ciber's CEO from 1977 to 1998. He will remain on the board, and will be an executive lecturer at the Rawls College of Business at Texas Tech University.

Ciber ranked No. 55 on Staffing Industry Analysts' 2009 list of largest U.S. staffing firms.


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