WaveDancer Interim Chief Financial Officer Appointed to Permanent CFO Position
12 March 2022 - 01:00AM
WaveDancer, Inc. (NASDAQ: WAVD) today announced the appointment of
Timothy G. Hannon as its Chief Financial Officer. Hannon has served
as Interim CFO since joining the company in September 2021.
Mr. Hannon joined WaveDancer in September with
over 30 years of executive financial management and advisory
services experience including an extensive background in Mergers
and Acquisitions, capital structure design, turnaround management,
strategic planning, integration of finance organizations,
governance, ERP systems implementation and treasury management.
Prior to joining WaveDancer on a permanent
basis, Mr. Hannon was a member of B. Riley Advisory Services
where he specialized in providing M&A related services as well
as interim executive management. Prior to B. Riley he was Chief
Financial Officer for a $1 billion national food company and prior
to that he served as CFO for several private equity backed
companies in the retail, manufacturing, and consumer products
industries. In these roles, Mr. Hannon conducted due diligence on
multiple target companies and managed the integration of
acquisitions. As a CFO, Mr. Hannon has managed all aspects of
Finance as well as the Information Technology, Legal, Risk
Management and Human Resources functions.
He is a Certified Public Accountant and has also
earned the designations of Certified Management Accountant and
Certified Insolvency and Reorganization Advisor. Mr. Hannon
received his B.S. in Accounting from the State University of New
York at Albany.
"During my six months at WaveDancer as Interim
CFO, I have had the opportunity to work with a capable management
team and see the vision for WaveDancer unfold. I am extremely
excited to take the permanent CFO role at this critical time in
WaveDancer’s transformation into a cybersecurity technology leader
and will remain focused on enhancing value for our shareholders,”
said Mr. Hannon.
"We brought Tim on as Interim CFO during a time
when the organization was beginning to undergo significant
changes,” said Chairman and CEO Jamie Benoit. "Tim's success and
experience in a number of challenging leadership positions and his
financial expertise will be an invaluable addition to the team
during this early phase of executing our strategy and our
development of world-class zero-trust and cybersecurity
capabilities."
Benoit added, "Tim will continue to focus on
helping lead WaveDancer through its organizational transformation,
M&A, capital raising and internal reorganization. Tim’s breadth
of experience successfully implementing change and driving
efficiency will be a critical component of our ongoing efforts to
transform our business."
About WaveDancer
WaveDancer (www.wavedancer.com), headquartered
in Fairfax, Virginia, is a provider of zero trust software
solutions, blockchain and IoT technologies. Our software solutions
are in production in support of the complex global missions of US
Government customers. First developed as part of advanced research
and development in support of a global national security-focused
organization, the ground-breaking technology is available to the
entirety of the United States Government and corporate
organizations.
Additional information for
investors
This release may contain forward-looking
statements regarding the Company's business, customer prospects, or
other factors that may affect future earnings or financial results.
Such statements involve risks and uncertainties which could cause
actual results to vary materially from those expressed in the
forward-looking statements. Investors should read and understand
the risk factors detailed in the Company's 10-K for the fiscal year
ended December 31, 2020 and in other filings with the Securities
and Exchange Commission.
For additional information contact:
Jeremy Hellman, CFA Vice President The Equity Group Inc.
jhellman@equityny.com(212) 836-9626
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