logo
Share SHARE
FONT-SIZE Plus   Neg

ValCom Removes Vince Vellardita As CEO, Tim Harrington To Succeed

ValCom Inc. (VLCO.PK) Monday said it removed Vince Vellardita as CEO, President and Chairman of the company, effective March 30. This decision was pursuant to a Delaware Chancery Court Order. Tim Harrington has been appointed as CEO and Patrick Willemsen as Chairman of the Board.

The Delaware court order further invalidated the election of Nalin Rathod and Rahul Rathod as directors of ValCom, and judgment was entered installing Patrick Willemsen as a director. The Board currently consists of Patrick Willemsen, Silvana Manning, Michael Vredegoor, Timothy Harrington, Frank O'Donnell and Vince Vellardita.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
Follow RTT