CEO and Chairman of the Board Steven Powless with President and COO David Culbertson
Computer Services, Inc., a Paducah-based company, announced a planned promotion of executive management in a news report released today, Monday, March 1. Steven Powless will be named executive chairman of the board and David Culbertson will become chief executive officer beginning July 8, 2021. Powless currently serves as chairman of the board and CEO and Culbertson is president and chief operating officer.
“CSI’s board is very pleased that David Culbertson will soon become the company’s chief executive officer,” stated Powless. “Plans for David’s promotion to CEO started in 2016 as part of our board’s strategic review of our management succession plans. David was selected from a pool of almost 90 candidates from across the nation. He was the clear stand out, and we knew we had the right person for the role.”
As it stands, the audit, risk, and acquisition teams will report to Powless with the remainder of the teams’ reporting to Culbertson. In July 2022, all teams will report to Culbertson. Powless will remain chairman of CSI’s board of directors.
“I’ve worked hard everyday to prepare myself for this transition. I’m honored and humbled to have been selected,” Culbertson said. “I’ve spent my entire career at CSI, and I’m committed to our ongoing success.”
Culbertson was promoted to COO in April 2017 and president in June 2018. He has been with CSI for more than 31 years and has the confidence of the board of directors.
The company reported record results for their third fiscal quarter of 2020 and expects 2021 to have continued success.
CSI delivers innovative financial technology and regulatory compliance solutions to financial institutions and corporate customers across the nation. Through a combination of expert service, cutting-edge technology and a customer-first mentality, CSI excels at driving businesses forward in a rapidly changing industry.
For more information, click on: csiweb.com