IPC Announces Executive Appointments
In his new role as COO, Mr. Whelan will be responsible for overseeing IPC's global sales and marketing teams, global operations, manufacturing, and business development. As IPC's newly appointed CFO, Mr. McHale will continue to direct the global corporate finance, treasury and tax functions and will now be responsible for the company's procurement operations.
Mr. Whelan, formerly IPC's CFO, joined the company in 1999 and since then has continued to increase his strategic leadership role in the company's senior executive team. His achievements include helping the company grow from a $200 million equipment provider to a $500 million plus global enterprise of trading floor solutions. During this period, Mr. Whelan was responsible for the company's business development team, leading to several strategic growth initiatives including the acquisition and capital financing of seven companies and divestiture of two divisions. During his tenure he was also responsible for the company's human resource and information technology functions. Last year he also assumed responsibility for IPC's manufacturing and procurement teams, driving efficiency and improvements into IPC's supply chain management.
Since joining IPC in 2007 as senior vice president of Finance, Mr. McHale has successfully managed accounting and financial integrations of acquired and divested entities, annual and special audits and financial reporting and communications within IPC and with the company's outside lenders. Before joining IPC, Mr. McHale, a certified public accountant with more than twenty-five years of experience in senior level finance positions, was the CFO of Infocrossing, Inc., a leading provider of IT outsourcing solutions and a NASDAQ traded company until its sale.
"Tim and Bill are superb leaders and I am thrilled to have them both play more significant roles within the IPC senior management team," said Lance Boxer, chief executive officer, IPC Systems. "Both of these men know our business well, and they understand what is important to our customers. Our focus will remain on our customers and we will continue to deliver on our strategic initiatives and innovations in order to provide the industry's best trading communications solutions and services. Tim and Bill are instrumental players in making this vision a reality."
About IPC
IPC is a leading provider of indispensable financial trading communications solutions to the world's leading financial services firms and global enterprises. With 35 years of expertise and innovation, IPC provides its customers with global systems and solutions, as well as a suite of products and enhanced services that includes advanced Voice-over-IP technology and integrated network and 24x7x365 management services in more than 60 countries. Based in Jersey City, N.J., IPC has approximately 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com.
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