Allen to leave GTSI

Terri Allen, senior vice president of sales at GTSI, will be leaving her position on July 22. Company officials today confirmed Allen's departure.

“On behalf of the Board of Directors and the company, I want to thank Terri for her four years of service to GTSI,” said Dendy Young, chairman and chief executive officer of GTSI, in a written statement. “Terri’s tenure at GTSI has been filled with accomplishments and we will always be grateful for her leadership, contribution, dedication and hard work.”

After Allen leaves, the company will consolidate all of its customer teams and enterprise technology practice activities into the purview of Scott Friedlander, group vice president of enterprise technology practices, Young added.

Earlier this month, GTSI officials acknowledged that the company's financial performance in its first two fiscal quarters of 2005 have not met their expectations. The slowdown in revenues forced the company to drop its predictions of doubling its 2004 revenues by 2007.

Officials blamed the problems on a problematic enterprise resource planning system implementation that they say hampered their ability to fulfill orders.

In the first quarter, which ended March 31, GTSI recorded overall sales of $157 million, a 12.1 percent decrease from sales of $178.6 million in the same quarter of 2004.

The quarterly report for the second quarter, which ended June 30, is not yet available.

The company's stock was up slightly at midday today, trading at $8.17 a share after opening at $7.90.


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