BakBone Software Names Douglas S. Lindroth as Chief Financial Officer.SAN DIEGO -- BakBone Software (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BKB BKB Basler Kantonalbank (Switzerland) BKB Black King Bar (gaming weapon) BKB BV Kwaliteitsverklaringen Bouw (Dutch) BKB BankBoston Corporation ) (Pink Sheets:BKBO), a global provider of heterogeneous integrated data protection solutions, today announced that Douglas Lindroth, 39, has been appointed chief financial officer, effective immediately. Most recently, Lindroth was senior vice president and chief financial officer for Memec Group Holdings Limited, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. and the world's leading specialty semiconductor distributor, located throughout 42 countries with annual revenue of approximately $2.3 billion. Promoted to CFO See Chief Financial Officer. in 2003, Lindroth's global responsibilities for the company included all financial operations and legal affairs. During his nine-year tenure at Memec, Lindroth led a global finance, legal and strategic planning staff of 130 people. Lindroth directed the upgrade of all regional finance management processes and procedures to address Sarbanes-Oxley requirements, including the implementation of a global financial ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. system that resulted in significant process improvements, financial reporting capabilities and expedited monthly closings. Lindroth held other Memec positions, including vice president of finance for the Americas; chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive for Atlas Business Services, a subsidiary of Memec; and controller of the Americas. In July 2005 Memec was acquired by Avnet, Inc., with Lindroth acting as an integral member of the negotiation and due diligence team. Prior to the Avnet acquisition, Lindroth was intimately involved in preparing Memec's S-1 registration statement with the Securities and Exchange Commission for a June 2004 $400 million initial public offering, which was subsequently withdrawn due to unfavorable market conditions. Prior to his work at Memec, Lindroth was a senior audit manager with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen from 1990 to 1997. In addition to his auditing responsibilities, he served as recruiting manager for the San Diego office of KPMG. Lindroth is a graduate of San Diego State University San Diego State University (SDSU), founded in 1897 as San Diego Normal School, is the largest and oldest higher education facility in the greater San Diego area (generally the City and County of San Diego), and is part of the California State University system. , with a BA cum laude in Business Administration with an emphasis in accounting. In addition to holding a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. license in California, Lindroth is a member of the Finance Executives Institute. "We are extremely pleased to welcome Doug to the senior leadership team at BakBone Software," commented Jim Johnson, BakBone's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Doug brings a very strong and definable worldwide financial and operational background to the company. As the former CFO of a multi-billion dollar global operation, his depth of knowledge and experience will be a tremendous boost in orchestrating the growth at BakBone." John Fitzgerald has resigned from his position as chief financial officer to pursue other interests. The Board expressed its appreciation for Fitzgerald's efforts on behalf of BakBone during the past five years and wishes him well in future endeavors. Additional information can be found in the Form 8-K, which will be filed today with the Securities and Exchange Commission. About BakBone Software, Inc. BakBone Software is a leading international data protection solution provider that develops and distributes heterogeneous data backup, restore, disaster recovery, replication and storage reporting software for network storage and open-systems environments. BakBone delivers scalable solutions that address the complex demands of large enterprise environments, as well as small- to medium-sized businesses. Founded in 2000, BakBone products are used by Fortune 1000 corporations and domestic and international government entities. Distributed through a select global network of strategic partners, resellers and solution providers, interested companies can learn more information about BakBone's products and services and its newly introduced IDP vision at www.bakbone.com or email info@bakbone.com. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion