x

Posted 30 June, 2022

ARC DOCUMENT SOLUTIONS, INC. appointed new CEO

CEO Change detected for ticker NYSE:ARC in a 8-K filed on 30 June, 2022.


  Effective June 24, 2022, Kumarakulasingam Suriyakumar, Chairman of the Board of Directors, Chief Executive Officer and President of ARC Document Solutions, Inc. (the "Company") is no longer serving as President of the Company, while continuing to serve as Chairman and CEO. Effective June 25, 2022, Dilantha Wijesuriya, the Company's current Chief Operating Officer, was elected as the Company's President, and Mr. Wijesuriya will serve as the Company's Chief Operating Officer and President.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of ARC DOCUMENT SOLUTIONS, INC.
Business/Consumer Services • Computer Services
ARC Document Solutions, Inc. engages in the provision of document solutions to design, engineering, construction, and facilities management professionals. It offers managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, web-based document management applications, and equipment and supplies sales. The company was founded by Sathiyamurthy Chandramohan and Kumarakulasingam Suriyakumar in 1988 and is headquartered in San Ramon, CA.
Market Cap
$112M
View Company Details
ARC DOCUMENT SOLUTIONS, INC. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Effective June 24, 2022, Kumarakulasingam Suriyakumar, Chairman of the Board of Directors, Chief Executive Officer and President of ARC Document Solutions, Inc. (the "Company") is no longer serving as President of the Company, while continuing to serve as Chairman and CEO. Effective June 25, 2022, Dilantha Wijesuriya, the Company's current Chief Operating Officer, was elected as the Company's President, and Mr. Wijesuriya will serve as the Company's Chief Operating Officer and President. This change in position reflects the current business and operational structure of the Company.


Mr. Wijesuriya, age 60, has held the position of Chief Operating Officer since February 2011. Mr. Wijesuriya initially joined Ford Graphics, a former division of the Company, in January 1991. He subsequently became president of that division in 2001, and then became a Company regional operations head in 2004. In August 2008, Mr. Wijesuriya was elected Vice President, National Operations, which position he held until his election as Chief Operating Officer. Prior to his employment with the Company, Mr. Wijesuriya was a divisional manager with Aitken Spence & Co. LTD, a highly diversified conglomerate and one of the five largest corporations in Sri Lanka.


Mr. Wijesuriya has no family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company and there are no transactions between Mr. Wijesuriya and the Company that would be required to be reported under Item 404(a) of Regulation S-K.