Dye & Durham Appoints New CMO and CLO, Names Interim CFO Amid Strategic Review

Dye & Durham has appointed Chris Louie as Chief Marketing Officer and Corey Banks as Chief Legal Officer. Sandra Bell has been appointed interim Chief Financial Officer. The additions aim to enhance operational execution and optimize core products. The company's CEO, George Tsivin, expressed excitement about unlocking the value of the business's core software assets. Ritu Khanna has stepped down from the Board.

Dye & Durham Limited (TSX: DND), a leading provider of cloud-based legal practice management software, has announced significant leadership changes aimed at enhancing operational execution and optimizing core products. The company appointed Chris Louie as Chief Marketing Officer (CMO), Corey Banks as Chief Legal Officer (CLO), and Sandra Bell as interim Chief Financial Officer (CFO).

Chris Louie brings over a decade of product marketing and strategy expertise to the role. He previously served as Senior Vice President of Product Marketing at Nielsen and most recently as Head of Talent Development at Thomson Reuters. Louie holds an MBA from Columbia Business School and a B.S. from The Wharton School of the University of Pennsylvania.

Corey Banks, the newly appointed CLO, has extensive experience in commercial law. He previously practiced at Wachtell, Lipton, Rosen & Katz and has held roles at Therium Capital Management. Banks graduated magna cum laude from Harvard Law School and holds a B.A. from Tufts University.

Sandra Bell, who has been appointed interim CFO, currently serves as an Independent Director of Chimera Investment Corporation (NYSE: CIM) and chairs the Risk Committee. She has extensive experience as a public company CFO, having previously held positions at Tiptree Inc., Prospect Mortgage, LLC, and PHH Corporation. Bell holds an MBA from Harvard Business School and a B.A. from The Ohio State University.

The appointments come as Dye & Durham is reviewing strategic alternatives and aims to unlock the value of its core software assets. CEO George Tsivin expressed excitement about the company's potential and the collective expertise of the new leadership team to enhance operational execution and help customers grow their businesses.

Ritu Khanna has stepped down from the Board as she transitions to a new professional role with significant responsibilities and time commitments. The Board thanked Ms. Khanna for her service and wished her luck in her new role.

The changes reflect Dye & Durham's commitment to improving operational efficiency and optimizing its core products, positioning the company to become the operating system of choice for legal specialists globally.

References:
[1] https://www.newswire.ca/news-releases/dye-amp-durham-announces-further-enhancements-to-executive-leadership-team-to-drive-operational-improvements-and-optimize-core-products-861998268.html
[2] https://finance.yahoo.com/news/dye-durham-announces-further-enhancements-123100250.html