Wayside Technology Group Appoints Steve DeWindt As Interim President and CEO

5/14/18

Steve DeWindt

EATONTOWN, N.J. , May 14, 2018 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG)  today announced that Simon F. Nynens has resigned as the Company’s President and Chief Executive Officer and also as a director and the Chairman of the Board of Directors of the Company, effective May 11, 2018. Mr. Nynens does not intend to stand for election as a director at the Company’s 2018 Annual Meeting of Stockholders. Steve DeWindt, the Company’s current Lead Director, will serve as the Company’s interim President and Chief Executive Officer until a permanent successor has been named. Mr. Nynens will remain available for the next 30 days to assist Mr. DeWindt with the transition.

The Board also elected Jeffrey R. Geygan to serve as Chairman of the Board. The Company will continue to execute on its previously announced strategic initiatives.

“The Board thanks Mr. Nynens for his leadership, service and commitment to the Company for the past 12 years and wishes him the best in his future endeavors,” said Mr. Geygan, the newly elected Chairman of the Board.

Mr. Geygan stated further, “While a search for Mr. Nynens’ successor is underway, Mr. DeWindt will oversee the transition until the appointment of a new CEO. We are fortunate to have Mr. DeWindt step into a management role as we continue to execute on our strategic initiatives.”

Mr. DeWindt is a technology industry veteran with deep experience in distribution and software solutions. He created Intel’s reseller channel organization. Mr. DeWindt headed up Computer 2000 in Europe, growing their revenues to $3.5B, and also ran two other distribution companies in the US. Mr. DeWindt has served as a director of the Company since January 2014. Mr. DeWindt has served as the Executive Vice President of Solium, Inc. since November 2012. From October 2010 to November 2012, he was the Executive Chairman, President and Board of Directors member of OptionEase, Inc. (now Solium). From June 2007 to October 2009, Mr. DeWindt was the Co-founder, President, Chief Executive Officer and Board of Directors member of Sparxent, Inc. (now Verismic Software). Prior to that, Mr. DeWindt served in various executive management capacities in sales and marketing for a number of companies. Mr. DeWindt also serves as the Chairman of the Board of Directors of Group 47.

About Wayside Technology Group, Inc.

Wayside Technology Group, Inc. (NASDAQ:WSTG) was founded in 1982 and is a unified and integrated technology company providing products and solutions for corporate resellers, VARs, and developers as well as business, government and educational entities. The company offers technology products from software publishers and manufacturers including Bluebeam Software, Cloudgenix, Cloudian, Dell/Dell Software, erwin, ExaGrid Systems, Flexera Software, Hewlett Packard, Infragistics, Intel Software, Lenovo, Micro Focus, Microsoft, Mindjet, Samsung, SmartBear Software, SolarWinds, Sophos, StorageCraft Technology, Super Micro Computer, Inc., TechSmith, Tintri, Unitrends, and VMware.

Additional information can be found by visiting www.waysidetechnology.com

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