This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Fortress International Group Appoints Kenneth D. Schwarz As Chief Financial Officer

COLUMBIA, Md., Sept. 26, 2012 /PRNewswire/ --  Fortress International Group, Inc. (Other OTC: FIGI), announced today that it has appointed Ken Schwarz as Chief Financial Officer effective September 27, 2012. Mr. Schwarz replaces Timothy C. Dec, who resigned to pursue other opportunities. Mr. Dec has agreed to assist Mr. Schwarz to ensure an orderly transition as needed through the balance of the year.

Mr. Schwarz brings 36 years' experience in senior-level financial positions, including considerable expertise in financial turnarounds, and has overseen initiatives that have resulted in improved shareholders' equity.  Most recently, he was the CFO of Primus Telecommunications Group (NYSE:PTGI), where he led a turnaround effort that resulted in significant EBITDA growth, debt refinancing and the divestiture of non-core assets.

"I am excited to have Ken join our team. He has a strong track record, and his experience with companies that are executing turnarounds and scaling for the future will be invaluable to our team. We are in the process of executing on our future vision for Fortress, and his energy and experience will further enhance our team, enabling us to better deliver on this vision," said Anthony Angelini, Chief Executive Officer of Fortress. "I would also like to thank Tim for his contributions to Fortress over the past several years and am grateful for his assistance to Ken in this transition."

Commenting on his new position, Mr. Schwarz added, "I am excited to join the Fortress team. This is a company with solid long-term growth prospects and an outstanding reputation in the data center and mission critical industry. With the changes made earlier in the year, I believe Fortress has a strong foundation for future success. I look forward to the opportunities that lie ahead and to working with Anthony and the management team to help Fortress realize its full potential."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,705.56 +27.33 0.15%
S&P 500 2,058.15 +2.00 0.10%
NASDAQ 4,878.3270 +14.9650 0.31%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs