DENVER–( BUSINESS WIRE )–CSG ® (NASDAQ: CSGS ) today announced as part of its long-term board succession planning process that Ron Cooper, the current chairman of the board, will step down from that role at the end of his term on May 14, 2025. Marwan Fawaz, a current board member and industry veteran, has been selected by the board to succeed Mr. Cooper as chairman following the Annual Shareholders’ Meeting in May 2025.
Mr. Fawaz has been a member of CSG’s board since 2016. A veteran of the technology, media and telecommunications industry for over 25 years, he has served as an executive advisor at Google and Alphabet (NASDAQ:), was an executive at Nest and Google/Motorola Home and served in executive positions in Charter Communications (NASDAQ:), Adelphia Communications and MediaOne. In addition, Mr. Fawaz serves on the boards of NRG Energy (NYSE: NYSE: ) and Ubicquia Incorporated.
CSG is focused on strengthening and transforming every aspect of our company with breakthrough innovation, greater customer value and much faster revenue growth, profit acceleration and industry vertical diversification, said Mr. Fawaz. The progress made during Ron’s leadership as Chairman of the Board has been fantastic and I am honored to help build on CSG’s rich history of delivering the highest value-added technology solutions to the market. We will continue to adhere to the highest standards of integrity, impact and excellence as we advance CSG’s strategic growth.
Since he joined the Board of Directors of CSG in 2006, Mr. Cooper has overseen the company’s successful revenue growth from approximately $380 million in annual revenue to nearly $1.2 billion in 2023. Furthermore, Mr. Cooper has been instrumental in promoting a culture of diversity and board culture continuous refresh to ensure that the skills and experience of board members are aligned with the future strategic direction of the company.
I could not be more proud of the significant growth that CSG has experienced in my nearly 20 years of involvement with the company, said Mr. Cooper. With this smooth leadership transition, I know CSG has the right board, leadership team and global employee base to reach even greater heights in the years to come.
About CSG
CSG enables businesses to build memorable experiences, making it easier for people and businesses to connect, use and pay for the services they value most. Our customer experience, billing and payments solutions help businesses of any size make money and make a difference. With our SaaS solutions, business leaders can take control of their future and benefit from the guidance of our dedicated and forward-thinking CSGs around the world along the way.
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John Rea
Vice President, Head of Investor Relations, Treasury, Insurance and ESG Reporting
+1 (210) 687-4409
john.rea@csgi.com
Davis Barker
Senior Manager, Investor Relations and Corporate Development
+1 (303) 884-4506
davis.barker@csgi.com
Source: CSG
