Karen Young Promoted to Chief Financial Officer at GlobalSCAPE
09 8월 2018 - 5:16AM
Business Wire
GlobalSCAPE, Inc. (NYSE American: GSB), a worldwide leader in
the secure movement and integration of data, today announces the
promotion of Karen Young to Chief Financial Officer, effective
immediately. Young was appointed to the role of Interim Chief
Financial Officer in March of this year, and succeeds James
Albrecht, who retired in February. Young has served as the
Controller for the past three years, reporting to Albrecht, and now
reports to GlobalSCAPE CEO, Matt Goulet.
Young joined GlobalSCAPE in 2015 and has been responsible for
all accounting functions, including financial planning and
budgeting, preparation of financial statements, SEC reporting,
management of audits, supervision of accounting functions and tax
preparation. Young has also been extremely instrumental in
navigating the recently concluded audit committee investigation and
financial statement audit. In her role as Interim CFO, Young was
responsible for ensuring that GlobalSCAPE regained compliance with
NYSE American continued listing standards, and also responsible for
the remediation plan designed to strengthen GlobalSCAPE’s internal
controls over financial reporting.
“Since joining GlobalSCAPE, Karen has made significant
contributions to the Company, first in her role as Controller, and
then as Interim Chief Financial Officer; taking on increased scope
and complexity, and establishing and managing a world-class
controllership,” said Matt Goulet, president and CEO of
GlobalSCAPE. “During her tenure, Karen has been a key leader within
Finance, and has played a pivotal role in GlobalSCAPE financial
operations, leading us through the very challenging audit committee
investigation.”
“With her combination of experience and leadership skills, as
well as her thorough knowledge of GlobalSCAPE’s financial
operations, Karen was the obvious choice as our new CFO. Karen is a
great addition to the executive team and has the full confidence of
me, our newly expanded Board, and the entire GlobalSCAPE
organization,” added Goulet.
Young will direct all fiscal functions of the corporation,
ensure compliance with generally accepted accounting principles and
SEC regulations, oversee the audit and review function, and assist
the executive management team in establishing long-range goals,
strategies, plans and policies.
“I am excited to take on increased responsibilities and move
into the role of CFO at GlobalSCAPE,” said Young. “I look forward
to joining the GlobalSCAPE executive team, and to partnering with
the team to develop and implement business strategies that enhance
the Company’s position as a market leader and add value for our
stakeholders; including our investors, employees and
customers.”
Young is a Certified Public Accountant and a graduate of The
University of Texas at San Antonio with a BBA in Accounting. With
over 25 years as a financial professional, Young began her career
with Valero Energy Corporation in San Antonio. Prior to joining
GlobalSCAPE, Young was the Controller for PIC Business Systems,
Inc., and across her career, has served in a variety of finance and
accounting roles.
About GlobalSCAPE
GlobalSCAPE, Inc. (NYSE American: GSB) is a pioneer in securing
and automating the movement and integration of data seamlessly in,
around and outside your business, between people and places, in and
out of the cloud. GlobalSCAPE provides technology that automates
your work and secures your data, while giving visibility to those
who need it. GlobalSCAPE makes business flow brilliantly. For more
information, visit http://www.GlobalSCAPE.com or follow the blog
and Twitter updates.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The words
“would,” “exceed,” “should,” “anticipates,” “believe,” “expect,”
and variations of such words and similar expressions identify
forward-looking statements, but their absence does not mean that a
statement is not a forward-looking statement. These forward-looking
statements are based upon the Company’s current expectations and
are subject to a number of risks, uncertainties and assumptions.
The Company undertakes no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise. Among the important factors that could cause actual
results to differ significantly from those expressed or implied by
such forward-looking statements are risks that are detailed in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2017 filed with the SEC on June 14, 2018; the discovery of
additional information relevant to the internal investigation; the
conclusions of the Company’s Audit Committee (and the timing of the
conclusions) concerning matters relating to the internal
investigation; the possibility that additional errors relevant to
the recently completed restatement may be identified; pending
litigation and other proceedings and the possibility of further
legal proceedings adverse to GlobalSCAPE resulting from the
restatement or related matters; and the costs associated with the
restatement and the investigation.
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version on businesswire.com: https://www.businesswire.com/news/home/20180808005073/en/
GlobalSCAPE Press ContactLisa Kilpatrick,
210-308-8267PR@GlobalSCAPE.comorGlobalSCAPE Investor Relations
ContactMatt Glover or Najim Mostamand, CFA,
949-574-3860IR@GlobalSCAPE.com
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