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Hosting Operator Newtek Appoints CFO.
2005-06-13, HostMan.biz Small and medium-sized business service provider Newtek Business Services (newtekbusinessservices.com), the parent company of Web hosting provider CrystalTech (crystaltech.com) announced on Friday that it had appointed Michael J. Holden its chief financial officer and senior finance executive, replacing Brian A. Wasserman, who resigned from the company last week. According to Newtek, Holden has more than 20 years of financial management experience, some of it with publicly traded companies. He most recently served as CFO of auto parts retailer Pep Boys, designing and managing a financial management, control and reporting for that company. "The addition of Michael J. Holden to our management team is another building block in our success story," says Barry Sloane, chairman and CEO of Newtek. "Adding 20 plus years of public company experience as a chief financial officer to our management team will enable the company to grow and manage its business and personnel so that we can maximize shareholder value. We are extremely pleased to have Michael join our team to help us develop and implement our business model. "With Mr. Wasserman's departure, our Board of Directors stands at four independent directors and two inside directors. Newtek expects to consider and add additional qualified candidates from outside of the company to enhance the Board's independence and assist in sharpening our focus on building shareholder wealth." |
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