In an announcement on Monday at 11:00am EST of Checkpoint Systems, it disclosed the appointment of Jeff Richard as the new Executive Vice President and Chief Financial Officer to take effect on the 28th of May 2013. He will be taking over the position of Raymond D. Andrews who will be retiring by the 31st of July.
Mr. Andrews will still be staying with the company for the short-term to make sure that his handing over of the responsibilities will be in order. Raymond Andrews started with Checkpoint in 2007.
At age 45, Mr. Richard already has broad experience in financial leadership. His most current job was at the US$1.5 billion ecological service company, Safety-Kleen Systems, Inc, as Executive Vice President and Chief Executive Office from 2010 up to 2013. He was at Pavestone Company from 2006 to 2010 as the Chief Operating Officer and Chief Financial Officer. His long list of achievements at the companies he served us quite lengthy, most especially the unquestionable expertise he had shared with them.
George Babich, President and Chief Executive Officer of Checkpoint said, "We are delighted to have attracted Jeff to join the Checkpoint team and we welcome him. He is a strong financial and operational executive with outstanding leadership experience. His track record of revitalizing businesses, positioning them for sustainable, profitable growth is impressive and I look forward to working with him as we continue to identify opportunities to increase shareholder value at Checkpoint."
Mr. Babich further added, "We sincerely thank Ray Andrews for his many contributions, particularly in the past two years of intense organizational change and turnaround activity. Ray has been a valuable member of Checkpoint's leadership team since 2007, and we extend best wishes for his retirement."
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