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ValCom Removes Vince Vellardita As CEO, Tim Harrington To Succeed

4/9/2012 4:43 PM ET

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.

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by RTT Staff Writer

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