Irving, TX, May 26, 2022 -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), today announced that Matt Brown has been promoted to President, ETI-MNA. ETI-MNA, LLC is a subsidiary of Exela Technologies, Inc. the Company's investment portfolio management entity, tasked with increasing shareholder value by strategically purchasing, developing and selling operating businesses. In this position, Matt will be responsible for identifying strategic targets and managing current investments, the sale of assets, and fundraising on behalf of Exela Technologies.
Matt joined Exela in 2017 as Global Head of Business Strategy to oversee Exela's Digital Transformation strategy in addition to identifying and leading the divestiture, acquisition, and integration of several operating businesses on behalf of Exela. Prior to Exela, Matt served as Senior Vice President for HGM, a private equity fund with diversified professional services corporation capabilities, providing a broad range of services across strategy, financial, legal, consulting, digital transformation, and venture creation to their portfolio companies. During his tenure with HGM, Matt led all stages of the mergers and acquisitions lifecycle, including supporting transitional operations and management of integration synergies, and participated in recapitalizations of over $4 billion in new equity and debt. Matt graduated Summa Cum Laude from the University of California, San Diego, with a B.S. degree in Electrical Engineering.
"Matt has done a fantastic job as Global Head of Business Strategy and we look forward to him executing with the same attention to detail and creativity in managing our portfolio of investments and helping fundraising initiatives," noted Andrej Jonovic, EVP, Business Strategy and Corporate Affairs.
About Exela Technologies
Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela's software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 employees operating in 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner
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