Magellan Welcomes David Saunders

Plymouth Meeting, Pa. &mdsh; April 2, 2012 — Magellan Search & Staffing today announced the appointment to Chief Financial Officer of David Saunders.

Saunders brings an extensive background in the financial management of privately held businesses and specializes in positioning them for explosive growth. He began his career in the public accounting sector in the Big 4 as an auditor and moved to the private sector in both the professional services and manufacturing.

In early 2011, Saunders was retained by Magellan as a key advisor in the Plymouth Meeting based firms’ growth and operations strategy. “Dave is a dynamic professional with a proven track record of outlining aggressive growth strategies that are sustainable. We felt that Magellan needed a balanced approach in such a key position to help us manage three years of explosive growth and profitability.”, said Magellan CEO Joseph Nicolas. “I couldn’t be happier to have Dave come to join our Executive Leadership Team. He was an immediate positive influence on both our structure and our direction, and his acquisition has proven to be a great move as we set our sights on the next steps in our growth plan.”

Saunders will oversee the company’s financial analysis, fiscal management, and taken on the management of Magellan’s accounting department. Matthew Kenefic, Magellan President and Founder had this to say, “Dave has proven himself to Magellan in his role as our key financial advisor from the very beginning. But what impressed me was how much he became a great influence on our organizational dynamics and our company culture. He is a true leader and has become an integral part of our strategic planning team. His background in Strategic Planning and Accounting and Finance is superb, and we are excited to have him for years to come as we launch into the next phases of our growth plan. I thank him and congratulate him on his appointment.”.

Said Saunders, who currently resides in Collegeville, PA with his wife and two children, “I’m excited to join such a successful and dynamic company. Over the last decade, Matt and Joe have built Magellan into a strong company, earning an impeccable reputation in the recruiting industry. I’m privileged to be working with one of Philadelphia’s award winning fastest growing, privately held companies and Best Places to Work. Magellan is well-positioned to continue its explosive growth far beyond 2012, and I look forward to contributing in the years ahead.”

About Magellan Search & Staffing

Magellan Search & Staffing specializes in direct-hire, contract and temporary recruitment solutions for accounting & finance and renewable energy services professionals. The company is recognized as a regional leader in executive search, and as one of the fastest growing companies in the Philadelphia area, earning a spot in the 2011 Philadelphia 100 list awarded by The Phildaelphia Business Journal, The Entrepreneurs’ Forum of Greater Philadelphia, and The Wharton Small Business Development Center.

Magellan Search & Staffing is based in Plymouth Meeting, Pennsylvania, serving clients in the Greater Philadelphia Metropolitan Region and nationwide. For more information, visit Magellan at: