Diligent gets new chairman

www.MortgageRates.co.nz

Diligent Board Member Services (NZX: DIL ) has elected David Liptak as its new chairman, replacing Rick Bettle who has held the role since May 2008.

Liptak invested in the company last year because he saw “great potential for this business, and I am very happy with the company's performance this past year.”

“They refined their business operations and really executed on their sales plan, and that is readily apparent in the latest sales and financial reports. I am looking forward to working closely with Diligent's management in New York."

New York-based Liptak is the founder and president of investment firm Spring Street Partners, LP. It is a registered broker dealer with the US Securities and Exchange Commission since July, 1995. He has extensive experience derived from prior positions at senior levels in global capital markets and investment management firms, including Oppenheimer & Co. and Bear Stearns.

Liptak has served on the Diligent board since March 2009.

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