Clover Technologies Names New CEO

Industry Visionary, Jim Cerkleski, Named Chairman;
Clover Chief Operating Office, George Milton, Appointed Chief Executive Office of Clover Imaging

Chicago, Ill. October 31, 2017 – Clover Technologies Group (“Clover” or “the Company”), the parent company of Clover Imaging, Clover Wireless, and Clover Telecom, today announced that George Milton has been appointed Chief Executive Office of Clover Imaging, effective November 1, 2017. Jim Cerkleski, who has served as Chief Executive Officer of Clover for the last 17 years, will become Chairman of the Board of Directors.

“After nearly two decades overseeing all aspects of Clover’s global operations, now is the right time for me to transition the leadership of our imaging business to George, who has been a tremendous COO and colleague over the past 13 years,” said Jim Cerkleski. “I am looking forward to my continued partnership with George in my new role as Chairman, where I will be focused on growing customer relationships across our organization and identifying new market opportunities.”

“I am honored to take the helm at Clover Imaging from such an accomplished leader at this important time in our corporate history.” said Mr. Milton. “We have a tremendous platform which has been established by our dedicated employees. I am excited to continue building on our strong market position and global manufacturing and distribution footprint, and look forward to the opportunities ahead. As a priority, I will ensure that we continue our focus on providing quality and value, as well as supporting the new business strategies of our customers.”

As the CEO of Clover since 2000, Mr. Cerkleski led the transformation of the Company from a local printer cartridge repair company to the world’s leading remanufacturer of imaging supplies, with manufacturing facilities in four continents. Under Mr. Cerkleski’s leadership, the Company’s annual revenues grew from under $2 million to almost $1 billion. Mr. Cerkleski was responsible for establishing the Company as the leading global remanufacturer and distributor of environmentally superior products, with quality and customer services programs rivaling those of the original equipment manufacturers at substantial savings to customers.

Mr. Milton joined Clover in 2004, and has served as Chief Operating Officer of the Company for the past 11 years. As Chief Operating Officer, Mr. Milton was responsible for overseeing product research and development, engineering and robotic automation, worldwide manufacturing, global distribution, quality assurance, global procurement, packaging engineering, and information technology and systems. During his tenure, Mr. Milton helped the Company diversify into Wireless and Telecom businesses, scale global manufacturing and distribution, complete and integrate 27 acquisitions, and support the growth and development of the next generation of leadership. Mr. Milton has over 25 years of experience in the office products industry and has held senior management operations positions with some of the industry’s largest distributors of office products.

Mr. Milton, as well as Dan Perez. CEO of Clover Wireless, will report to the board of Directors of Clover.

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About Clover Technologies Group

Clover Technologies Group is the global leader in helping businesses reclaim value by innovating new solutions for retired assets. Founded in 1996, Clover is one of the fastest growing, privately held companies in the United States with over 60 locations in 18 countries. Clover is the world’s largest collector and remanufacturer of empty printer cartridges. The complete line if Clover’s quality toner and ink is available through leading office products distributors and resellers and marketed under a variety of private label brands. Clover uses the same industry-leading reverse logistics business model to service rapidly expanding wireless market with a comprehensive portfolio of mobility device lifecycle solutions.

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