This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

KVH Industries Announces New Chief Financial Officer

Stocks in this article: KVHI

MIDDLETOWN, R.I., Oct. 3, 2012 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (Nasdaq:KVHI), a leading provider of global satellite communications and guidance and stabilization solutions, today announced that its Board of Directors appointed Mr. Peter Rendall, A.C.A., to serve as KVH's Chief Financial Officer, effective October 1, 2012, thereby replacing the company's previous Chief Financial Officer, Patrick Spratt, who is retiring. Mr. Spratt will continue to work with KVH through a short transition period and then as a consultant.

Mr. Rendall brings extensive financial and operational leadership experience to KVH. He began his career at PricewaterhouseCoopers in London before moving to Massachusetts in 1995 to join Logica, an IT consulting firm, as its Vice President of Finance and Operations. Mr. Rendall then served as CFO at Elcom International, an international IT products and services business and SaaS supply chain software division. He served as both CFO and CEO at Top Layer Security and, most recently, as consulting CFO to JobSmart Partners.

"I am excited to work with Peter on KVH's continuing success and the global expansion of our operations. He has a track record for success and a keen understanding of technology-focused markets, and we look forward to utilizing his many talents. We expect that Peter will build upon the strong financial footing that Pat Spratt established during his decade-long tenure as KVH's CFO," says Martin Kits van Heyningen, KVH's Chief Executive Officer. "We would like to thank Pat for his many contributions over the past 10 years, helping us to grow from a small manufacturing company to the provider of mini-VSAT Broadband SM, the world's leading maritime VSAT service. Many exciting development opportunities are on the horizon at KVH and throughout the markets we serve, and we believe that, with the solid background that Pat built and Peter's leadership going forward, our financial team will be well prepared to help us make the most of them."

Note to Editors: High-resolution, press-ready photos of both Mr. Peter Rendall and Mr. Patrick Spratt are available at http://press.kvh.com for download and editorial use.

About KVH Industries, Inc.

KVH Industries is a leading manufacturer of solutions that provide global high-speed Internet, television, and communications services via satellite to mobile users at sea and on land. KVH is also a premier manufacturer of high performance sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The company is based in Middletown, RI, with facilities in Illinois, Denmark, Norway, and Singapore.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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