KVH Industries Announces Appointment of Interim Chief Financial Officer
28 May 2016 - 6:09AM
KVH Industries, Inc., (Nasdaq:KVHI), today announced that its board
of directors has appointed John McCarthy to serve as Interim Chief
Financial Officer, effective today. Mr. McCarthy will replace Peter
Rendall, who is leaving the company to pursue other opportunities.
Mr. Rendall will remain with the company for thirty days to support
the transition of his responsibilities.
John McCarthy most recently served as a partner at Ernst &
Young LLP, leading the New England Financial Accounting Advisory
Services (FAAS) market segment. During his 32-year career with the
firm, Mr. McCarthy held numerous leadership roles across the Audit
practice, directing global client services for large multinational
companies headquartered in the United States with operations
abroad. Mr. McCarthy was a member of Ernst & Young’s Global
Account Partner Group and also served for two years in the firm’s
National Accounting Group, where he focused on SEC matters and
served as a technical advisor to several offices in the region. Mr.
McCarthy received a B.A. in accounting from Providence College and
is a certified public accountant.
“We are pleased to welcome John McCarthy to KVH Industries as
Interim CFO,” said Martin Kits van Heyningen, KVH’s chief executive
officer. “John brings decades of experience in supporting companies
with global operations, as well as a distinctive leadership
capacity to manage teams and apply financial expertise to business
management. We are confident that he will be a strong asset to the
company as we work through the CFO transition.”
“On behalf of the board and management team I would also like to
thank Peter Rendall for his tenure at the Company. We appreciate
the dedication and focus he brought to his position and wish him
the best as he pursues the next step in his career,” continued Kits
van Heyningen.
KVH is engaging an executive search firm to recruit a permanent
Chief Financial Officer.
About KVH Industries, Inc.
KVH Industries is a leading provider of in-motion satellite TV
and communications systems, having designed, manufactured, and sold
more than 200,000 mobile satellite antennas for applications on
vessels, vehicles, and aircraft. KVH is also a leading news, music,
and entertainment content provider to many industries including
maritime, retail, and leisure. Videotel, a KVH company, is a
market-leading provider of training films, computer-based training
and e-Learning. KVH is based in Middletown, RI, with research,
development, and manufacturing operations in Middletown, RI, and
Tinley Park, IL. The company’s global presence includes offices in
Belgium, Brazil, Cyprus, Denmark, Hong Kong, Japan, the
Netherlands, Norway, Singapore, and the United Kingdom.
KVH is a registered trademark of KVH Industries,
Inc.
Contact:
KVH Industries, Inc.
Peter Rendall
401-847-3327
prendall@kvh.com
FTI Consulting
Christine Mohrmann
212-850-5600
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