Global Digital Solutions, Inc.
777 South Flagler Dr., Suite 800 West Tower
West Palm Beach, FL 33401
Stephen L. Norris Elected Vice Chairman of Global Digital Solutions, Inc.’s (GDSI) Board of Directors
Recently appointed to the GDSI Board and named Chairman and CEO of GDSI International, Mr. Norris will work closely with Chairman and CEO Richard J. Sullivan to implement the Company’s global growth and acquisition strategy
PALM BEACH, Fla., July 7, 2014 /PRNewswire/ -
As announced on July 2, 2014, Mr. Norris was recently appointed to GDSI’s Board of Directors and named Chairman and CEO of GDSI International, Prior to joining GDSI, Mr. Norris served as Chairman of Stephen Norris Capital Partners, LLC, In addition, he is one of five co-
“I’m very pleased that the Board has elected Steve Norris as our Vice Chairman,” said Richard J. Sullivan, GDSI’s President and CEO. “Steve’s experience is second-
More About Stephen L. Norris, JD, LLM
The Honorable Stephen L. Norris served on the Board of Directors of each major Carlyle Group portfolio company and played a major role in strategic decisions. During his tenure, Carlyle's investments produced very successful returns for the investors, averaging approximately a realized 40% internal rate of return (IRR). Most notably, Mr. Norris had direct responsibility for well over $1 billion in investments, in addition to directing and managing a prominent investor's investment in the recapitalization of Citibank now Citigroup. Mr. Norris' business relationships also made possible this investor's subsequent investments in Euro Disney and Four Seasons Hotels. By the end of 1998, these three investments had produced well over $10 billion in profits.
In 1992, Mr. Norris was appointed by President George Bush, and confirmed by the U.S. Senate, as one of the five board members of the approximately (at the time) $68 billion Federal Retirement Thrift Investment Board. During his tenure (1992-
Prior to co-
Mr. Norris was a Fellow at Yale Law School (1977) and received a B.S. and J.D. (1972, 1975) with honors from the University of Alabama, and an L.L.M. from New York University (1976).
About Richard J. Sullivan
GDSI’s Chairman and CEO is an entrepreneurial pioneer. In 1970, he was a founding member of the management team of Manufacturing Data Systems, Inc., which listed at $7.50 per share and was sold to Schlumberger N.V. in 1980 at $65 per share. Under Sullivan’s decade-
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions. On June 18, 2014, GDSI announced the acquisition of North American Custom Specialty Vehicles, LLC (NACSV), a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations. For more information about NACSV’s suite of advanced vehicles, click here or visit http://www.gdsi.co/nacs_vehicles.html. For more information about GDSI, visit http://www.gdsi.co.
Forward Looking Statements
This press release contains “forward looking statements”. The statements contained in this press release that are not purely historical are forward-
Richard J. Sullivan