DURHAM, N.C., Feb. 5, 2013 /PRNewswire/ -- EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that veteran international financial executive Timothy J. Blades has been named its Chief Financial Officer and Treasurer and joined the Company as a fulltime employee, effective immediately. Blades had previously served as the Company's interim Director of Finance since March 6, 2012. He remains Principal Accounting Officer and Corporate Secretary, which are positions he has held on an interim basis since March 2012. Blades will continue to report to Chief Executive Officer Carmine T. Oliva.
"Tim's contributions during his service to the Company on an interim basis have been vitally important as we continued making progress in executing our business strategy," Oliva said. "We brought Tim on board on a fulltime basis to help us meet our goal of returning greater value to our stockholders. I am very pleased he is now a fulltime member of our executive team, and that we will be able to further draw on his considerable expertise as he becomes more active in executing our plans to achieve our stockholder value creation goals."
Blades, 55, is based in England, where the Company's primary business units, operations management and financial teams are located. He is a Chartered Accountant and an experienced international financial executive who has led multidisciplinary teams focused on profit improvement, fundraising, mergers and acquisitions and a range of essential finance and accounting functions throughout his career. He has extensive expertise in international finance, particularly in the U.S., Europe, the UK, and the Far East.
Blades spent the majority of his career with Grant Thornton UK LLP in various UK locations. From 2002 to 2010, he was a regional managing partner leading a 12-partner team directing a 300-member staff responsible for accounting, tax and financial planning. During this period, he built the Grant Thornton Cambridge office from a staff of 30 to more than 100 professionals.
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