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Medbox Appoints Mr. Doug Mitchell as Chief Financial Officer [Global Data Point](Global Data Point Via Acquire Media NewsEdge) Mr. Mitchell is replacing Thomas Iwanski who served Medbox as a part time CFO, and resigned to facilitate the continued development of the company with the addition of a full time CFO. Mr. Iwanski has no disagreements with management and will continue to be available to the company as a consultant. Mr. Guy Marsala, CEO of Medbox, thanked Mr. Iwanski for his service noting "the past 18 months has generated a significant and positive transformation for Medbox as the company continues to make bold moves as the leader in this high growth industry." Mr. Mitchell is a senior financial executive with over 25 years of experience in public and corporate financial executive positions with expertise in SEC compliance, mergers %7E acquisitions, accounting controls and process improvement. Mr. Mitchell's previous positions have included CFO for Chicago Pizza %7E Brewery, Inc., now renamed BJ's Restaurants, Inc., a multi-location restaurant chain; V.P. Finance for Borland Software Corporation, where he raised $200 million through a convertible debt offering; and CFO for Commerce Energy Group, Inc., a $450 million independent marketer of retail electricity and natural gas, where he helped to successfully sell the company to another industry participant during the 2008 credit crisis. He also served as interim CFO for eTelecare Global Solutions, Inc., a multi-national call center headquartered in the Philippines, as it prepared for a U.S.-based IPO. Earlier in his career, Mr. Mitchell served as Senior Audit Manager at Coopers %7E Lybrand (now part of PricewaterhouseCoopers). He earned a Bachelor of Science degree in Business Administration from the University of Southern California, and his CPA certificate in California. Mr. Guy Marsala, CEO of Medbox, stated, "I'm delighted that Doug has joined our senior executive team as our CFO as we lead Medbox to an exciting new plateau, drive rapid growth and build shareholder value. Doug brings a wealth of financial and operational knowledge and executive maturity to our team." (c) 2014 GlobalData Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |