ScanSource Announces New Chairman of the Board

ScanSource Inc. (SCSC), an international value-added distributor of specialty technology products, has announced that Steven R. Fischer has been elected as its new chairman of the board of directors. Fischer has served as a director of the company since December 1995, and is succeeding James G. Foody, who has served as chairman of the board since December 2005 and as a director of the company since December 1995. Foody will continue to serve as a director of the company and has been designated as chairman emeritus.

“It has been a great honor to serve as chairman of the board these past four years and to be a part of the ScanSource story,” said Foody. “It’s been a privilege to serve together with Steve on the board, and I look forward to seeing him take on this new role and lead the board into 2010.”

“I wish to thank Jim for his hard work and service as chairman and will seek to continue his legacy of leadership as I accept this new responsibility. I am very excited about ScanSource’s future and the opportunities for growth,” said Fischer.

Fischer is currently a financial consultant and serves as a director of Falconstor Software Inc. Fischer served as president of North Fork Business Capital Corporation and its successor, Capital One Leverage Finance from July 2004 to July 2008, and served as president of Transamerica Business Capital Corporation from September 2000 to February 2004, as executive vice president and division manager of Transamerica Business Capital Corp. from October 1997 to September 2000, and as senior vice president and regional manager of Transamerica Business Capital Corp. from March 1992 to October 1997.

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