APX hires new CFO
I saw this morning that APX has hired a new CFO, a guy name Christopher Black, who is new to the security industry. According to the press release, Black has "held a number of senior executive positions for emerging high-growth and mid-cap companies." Most recently, he was SVP and CFO for American Commercial Lines, Inc., a transportation company, where, the release notes "he helped lead the company to one of the most successful initial public offerings in the country during his tenure there." Here's a prepared statement from Todd Pedersen, APX CEO about Black.
â€œIn Chris, we have partnered with an experienced CFO with the experience and skill necessary as we enter a new and exciting period of accelerated growth at APX Alarm,â€ said APX Alarm CEO, Todd Pedersen. â€œWe believe his extensive business experience and strategic acumen will greatly benefit our organization moving forward.â€Hmmm. It's no surprise that APX is in growth mode. They've got their new fancy campus and a pile of cash in a credit facility, after all. I've got a call into Stuart Dean to see if I can talk to Black today. I'll let you know what I find out.