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
Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products. English-made Cadbury chocolates will no longer be available in the United States, the result of a settlement between Hershey and a New Jersey-based import company. Beloved treats such as the Cadbury Creme Egg will only be sold in the U.S. using American chocolate, angering those who say the creamier... Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days.
comments powered by Disqus
Follow RTT