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
TheStreet Open House

Federal Signal Corporation Appoints Interim Chief Financial Officer

Stocks in this article: FSS

OAK BROOK, Ill., Oct. 9, 2012 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS), a leader in environmental and safety solutions, today announced the appointment of Braden Waverley as the interim chief financial officer of the Company effective October 10, 2012.  Mr. Waverley will replace Bill Barker, who is departing the Company to join Trustwave as its chief financial officer.

(Logo: http://photos.prnewswire.com/prnh/20120420/CG91760LOGO)

"During the last year, Braden provided the Company with invaluable advice and support as a consultant on strategic alternatives for the intelligent transportation division, Federal Signal Technologies, which was sold to the 3M Company last month," said Dennis Martin, Federal Signal's president and chief executive officer.  "Braden played an integral role in managing the sale process, including interfacing with potential acquirers, capital markets participants and multiple operating functions inside the Company.  We are delighted that Braden has agreed to continue to serve as a consultant to the Company in this key leadership position while we conduct a search for a permanent chief financial officer."

Prior to joining Federal Signal in a consulting capacity last year, Mr. Waverley served as Executive Chairman of CombineNet, Inc. and was an investor and advisor to multiple, early stage companies. His capital markets experience ranges from private equity and venture capital to public markets.   Mr. Waverley has over twenty years of operations and general management experience, including global executive management responsibilities with Dell Inc. and Motorola, Inc.  Mr. Waverley holds a master's degree in business administration from Northwestern University's Kellogg School of Management and a bachelor's degree from the University of Wisconsin at Madison. 

In parallel with Mr. Waverley's appointment as interim CFO, the Company has initiated an external search for the replacement of the chief financial officer.  "It is in the clear interest of our stockholders and team members to explore all options for the critical role of chief financial officer.  We are fortunate to have someone of Braden's abilities to fill this role while we conduct this important search," Mr. Martin commented.  "I want to thank Bill Barker for his significant contributions to Federal Signal since joining the Company in 2008 and to wish him continued success in his new role with Trustwave.  Bill was critical to the Company's successful refinancing efforts earlier this year and oversaw a number of other important initiatives that helped strengthen the Company's balance sheet," Mr. Martin stated.

About Federal Signal

Federal Signal Corporation (NYSE: FSS) enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and institutional customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the company operates three groups: Safety and Security Systems, Environmental Solutions, and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com.

SOURCE Federal Signal Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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!
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

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