Exela Technologies, Inc Appoints Mark D. Fairchild as President, Exela Smart Office
January 16, 2019 at 11:03 am
Share
Exela Technologies, Inc announced that Mark D. Fairchild would assume the new role of President, Exela Smart OfficeSM. In his new role, Mr. Fairchild will be focused on developing, selling and delivering the Company’s Smart Office technology to customers globally. In addition, on December 18, 2018, the Company and Mr. Fairchild mutually agreed to terminate the employment agreement dated as of May 27, 2007, between Mr. Fairchild and the Company’s subsidiary, BancTec, Inc., as amended October , 2007, May 26, 2008, June 1, 2009, March 9, 2011 and November 30, 2012. Mr. Fairchild remains an officer of the Company and is employed by one of its subsidiaries. The termination of his employment agreement is part of the Company’s overall compensation plan to harmonize the employee benefits of officers of the Company and to eliminate non-conforming agreements. Mr. Fairchild’s agreement was the last such agreement.
Exela Technologies, Inc. is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Its segments include Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS). ITPS provides industry-specific solutions for banking and financial services, including lending solutions for mortgages and auto loans, and banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination enrollments, claims processing, and benefits administration communication, among others. HS offerings include revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. LLPS solutions include processing of legal claims for class action and mass action settlement administrations.
EXELA TECHNOLOGIES, INC. 
