Digital Insight announced that Kevin McDonnell, the Company’s Senior Vice President of Finance & Administration and CFO, has decided to leave the Company in April 2002 for personal reasons. The Company has begun a search for a replacement. In the interim, Michael Dunn, Vice President of Finance will be responsible all Finance responsibilities. Dunn will report directly to John Dorman, Chairman and CEO for Digital Insight.
McDonnell will assume the title of Senior Vice President, Corporate Development during this transition period in order to focus his attention on helping the Company with strategic acquisition initiatives. McDonnell joined the Company in March 1999 as CFO. “Digital Insight is a great Company and is positioned for continued success,” said McDonnell. “Being a part of its phenomenal growth and success of Digital Insight has been personally rewarding. This change will allow me to focus on other interests and priorities, including more time with my family,” said McDonnell.
“Kevin’s contributions to Digital Insight have been very significant — guiding the Company through high growth while successfully financing the Company through multiple private and public equity financing transactions, contributing to our current strong cash position of more than $65 million,” said Dorman. “More importantly, he has helped significantly on our drive to achieving and sustaining operating profitability. We are very confident in our ability to continue the trends of strong growth and operating profitability that Kevin has helped to build.”
About Digital Insight
Digital Insight(TM) Corporation ([http://www.digitalinsight.com] ) is the preferred eFinance enabler for visionary financial institutions. Through its comprehensive portfolio of outsourced, Internet-based financial products and services built upon the Company’s unique architecture, Digital Insight moves banks and credit unions Beyond Internet Banking(TM) to become the trusted transaction hub for their retail and commercial customers. Exclusively endorsed by the American Bankers Association(R) (ABA), and currently serving nearly 1,400 financial institution clients nationwide, Digital Insight provides retail and commercial Internet banking, electronic bill payment and presentment, eCommerce portal technology, wireless channel delivery, advanced targeted marketing, website development and maintenance, as well as online and call center lending services. Each Digital Insight product and service reinforces the brands of its client financial institutions. Digital Insight. Beyond Internet Banking.(TM)