EXHIBIT 99.1
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EXL
SERVICE
global solutions
value delivered
350 Park Avenue
New York, NY 10022
FOR IMMEDIATE RELEASE
Contact: Jarrod Yahes PRESS: Kerry Kelly-Guiliano
Head of Investor Relations Financial Dynamics
ExlService Holdings, Inc. (617) 747-3603
(212) 277-7109 kerry.guiliano@fd.com
ir@exlservice.com
EXL NAMES CLYDE OSTLER TO BOARD OF DIRECTORS
New York, NY - December 10, 2007 - ExlService Holdings, Inc. (NASDAQ: EXLS), a
recognized business solutions provider, today announced the appointment of
Clyde W. Ostler to its Board of Directors.
Clyde W. Ostler, 60, will join EXL's Board of Directors as an independent
director and will also serve on the Audit Committee and Compensation Committee
of the Board of Directors. Mr. Ostler will replace Mr. Garen K. Staglin as a
"financial expert" on the Audit Committee and he will also replace Mr. David B.
Kelso on the Compensation Committee. Messrs. Staglin and Kelso will continue to
serve on the other Committees of which they were members.
Mr. Ostler currently serves as Group Executive Vice President of Wells Fargo &
Company where he is responsible for the Wealth Management Group and the
Internet Services Group. Mr. Ostler joined Wells Fargo & Company in 1971 and
has served in numerous roles during his tenure including General Auditor,
Executive Vice President & Chief Financial Officer, and Vice Chairman in the
Office of the President.
"I am excited to be joining a recognized leader in providing business solutions
to winning multinational corporations, especially in the increasingly important
area of global outsourcing and transformation of key business processes,"
commented Mr. Ostler.
Steven B. Gruber, Chairman of the Board of EXL, commented: "We are looking
forward to having Clyde join EXL's Board of Directors. Clyde's significant
experience and recognized industry leadership in financial services will
complement our existing board of directors and will be a tremendous asset to
EXL."
Vikram Talwar, CEO and Vice-Chairman of EXL, commented: "As a senior leader at
one of the most successful global banking institutions, Clyde will serve as
invaluable counsel to EXL management as we continue to execute on our ambitious
growth plans."
Commenting on Mr. Ostler's appointment, Rohit Kapoor, President and Chief
Operating Officer of EXL stated that "We are delighted that Clyde has decided
to join our board and further strengthen our corporate governance structure. We
look forward to leveraging Clyde's vast experience in Corporate Finance that
would guide us in our strategic initiatives."
ABOUT EXLSERVICE HOLDINGS, INC.
EXLSERVICE HOLDINGS, INC. (NASDAQ: EXLS) IS A RECOGNIZED BUSINESS SOLUTIONS
PROVIDER. EXL'S OFFERINGS PROVIDE A COMPETITIVE EDGE TO ITS CLIENTS BY
TRANSFORMING AND OUTSOURCING BUSINESS PROCESSES. TRANSFORMATION SERVICES ENABLE
CONTINUOUS IMPROVEMENT OF CLIENT PROCESSES BY BRINGING TOGETHER EXL'S
CAPABILITIES IN REENGINEERING INCLUDING SIX SIGMA PROCESS IMPROVEMENT, RESEARCH
& ANALYTICS, AND RISK ADVISORY SERVICES. EXL'S OUTSOURCING SERVICES INCLUDE A
FULL SPECTRUM OF BUSINESS PROCESS SERVICES FROM OFFSHORE DELIVERY CENTERS
REQUIRING ONGOING PROCESS MANAGEMENT SKILLS. HEADQUARTERED IN NEW YORK, EXL
PRIMARILY SERVES THE NEEDS OF GLOBAL 1000 COMPANIES IN THE BANKING, FINANCIAL
SERVICES, INSURANCE, UTILITIES, HEALTHCARE, TELECOMMUNICATIONS AND
TRANSPORTATION SECTORS. FIND ADDITIONAL INFORMATION ABOUT EXL AT
WWW.EXLSERVICE.COM.