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FINEOS Announces New Board Appointment to Support Global Expansion

FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, today announced the appointment of former Chief Executive of the Irish Development Authority (IDA), Sean Dorgan, as a non-executive Director to the FINEOS Board. Mr Dorgan's appointment further strengthens the FINEOS Board by providing vision and insight to the company as it continues to expand in line with its growth plan.

Mr Dorgan brings with him a wealth of skills and experience to the role. As Chief Executive of IDA Ireland for nine years, he was instrumental in winning numerous investments for Ireland from world leading companies in financial services, software, digital media, ICT and the life sciences. He is currently Chairman of the Governing Body of the Dublin Institute of Technology and of the recently appointed Independent Body on Pharmacy Contract Pricing in Ireland. Mr Dorgan is also a non-executive Director of FBD Holdings plc and of Short Brothers plc in Northern Ireland. Earlier in his career, he was Secretary General of two Government Departments and CEO of the Institute of Chartered Accountants in Ireland.

Michael Kelly, CEO of FINEOS, welcomed the appointment. "Sean's background in government as well as his considerable business acumen, coupled with his understanding of the technology and business environment makes him an important addition to the FINEOS Board. I look forward to working alongside Sean and welcome his contribution to FINEOS."

Commenting on his new role at FINEOS, Mr Dorgan added, "I am delighted to join the Board of FINEOS Corporation which has established a worldwide reputation for the quality of its innovative enterprise software solutions for insurance. The company is one of the great success stories of software in Ireland and it has ambitions and plans to grow strongly from its current profitable base. I look forward to working closely with CEO Michael Kelly and his highly talented team to achieve this."

The appointment coincides with the departure of James McNaught Davis from the FINEOS Board. A former director of Warburg Pincus, McNaught Davis has been a non-executive Director of FINEOS since 2001.
He leaves to devote more time to his new role as CEO of Wheb Ventures in the UK. "We wish James the very best in his new role. He has been a great support in helping us to mature as a business over the past 6 years", said Michael Kelly.

FINEOS will now look to appoint a non-executive Director to the FINEOS Board from the North American Region.