San Diego-based Mitchell International announced today that effective Jan. 1, 2008, Alex Sun, the firm's president, will succeed James Lindner as chief executive officer and Mr. Lindner will become executive board chairman.
Mr. Sun joined Mitchell in 2001 as executive vice president and chief financial officer and became president in early 2005. He will retain that title as well. Mr. Lindner has been Mitchell's CEO since 1997.
Mr. Sun said he thanked the company's board for its “support and confidence in our leadership team, strategy and vision for Mitchell's successful future.”
He noted that under Mr. Lindner, Mitchell “has consistently grown its revenue, earned a stellar reputation for world-class customer service, and developed many of the key innovations our customers rely on every day to drive their business.”
Mr. Lindner said in his new position he will continue to work closely with Mr. Sun and his team “on a number of key areas, including acquisition and partnering opportunities, corporate strategy and customer relations.”
John Mapes, managing partner at the Los Angeles-based investment firm Aurora Capital, said: “As we stated at the time we consummated our investment in Mitchell, Aurora Capital has great confidence in Mitchell's leadership. With this succession plan, customers can continue to expect new, innovative products and strategic acquisitions which will allow Mitchell to deliver greater value to its customers.”
Mitchell is a provider of information, workflow and performance management solutions to the automotive insurance claims industry, serving carriers, collision repair facilities and other commercial participants in the physical damage and auto-related medical claims markets.
The firm reports it facilitates electronic transactions between more than 16,000 business partners each month.
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