Business
DATATRAK Announces the Appointment of New Independent Director
DATATRAK Announces the Appointment of New Independent Director.
About this update from Datatrak International, Inc.
[{"type":"text","content":"\n\n\n\nDATATRAK Announces the Appointment of New Independent Director\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDATATRAK Announces the Appointment of New Independent Director\nCompany Appoints Eric J. Wilhelm to the Board of Directors\nPR Newswire\nCLEVELAND, Aug. 12, 2016\n\n\n\nCLEVELAND, Aug. 12, 2016 /PRNewswire/ -- DATATRAK International, Inc. (OTC Markets: DTRK), a leader in cloud-based, unified dClinical® technologies and related services for the clinical trials industry, today announced the appointment of Eric J. Wilhelm to the Board of Directors as a Class II Director. \n\nThe Company's Board size is currently set at six directors, with three current Board members serving as Class I Directors.  The appointment of Dr. Wilhelm fills one of the three vacancies in Class II, whose term expires at the 2016 annual meeting of shareholders.  Dr. Wilhelm was identified as a qualified candidate for the Board position through outreach with shareholders.  After discussions with the current Directors and members of the management team at DATATRAK, Dr. Wilhelm was appointed to the Board at the Company's regularly scheduled Board of Directors meeting on August 5, 2016.\n\n\"In addition to having an incredibly innovative mind, Eric also possesses sound business and investment discipline, which is evident in his recurring ability to start up and grow profitable operating businesses that attract the attention of well established organizations in Silicon Valley,\" commented DATATRAK Chairman Alex Tabatabai. \"More importantly, Eric has a deep and disciplined understanding of intelligent resource and capital allocation, which is an important attribute for a Director to have at a company that is generating profits and balance sheet cash that must be deployed wisely in order for shareholders to obtain more than a dollar in return for every dollar deployed,\" added fellow Director, Jim Bob Ward, who also serves as CEO and President of DATATRAK.\n\nDr. Wilhelm has founded several companies including the project-sharing community Instructables (acquired by...