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Glowpoint Names David Clark Chief Financial Officer

MURRAY HILL, N.J., March 25, 2013 /PRNewswire/ -- Glowpoint Inc., (NYSE MKT: GLOW), today announced the appointment of David Clark as Chief Financial Officer (CFO) effective immediately. Mr. Clark succeeds Tolga Sakman, who resigned as CFO effective March 22, 2013.

Reporting to CEO Peter Holst, Mr. Clark will lead the global financial operations of the company, including planning, financial reporting, accounting, tax and treasury. Mr. Clark has over 20 years of experience in finance and accounting, and most recently served as Vice President of Finance, Treasurer and acting CFO for Allos Therapeutics. 

"Glowpoint's current size and expected future growth require a CFO with an impeccable track record serving both public and private companies," said Peter Host, chief executive officer at Glowpoint. "Clark's extensive experience will make him a key contributor in bringing Glowpoint to the next stage of its development. I want to thank Tolga Sakman for his dedicated service and hard work during his time with the company."

Prior to his appointment at Allos, Mr. Clark was the CFO for an e-commerce managed services company.  He began his career serving technology companies in the audit practice of Price Waterhouse LLP.  Mr. Clark is a certified public accountant and holds a Masters of Accountancy and Bachelor of Science in accounting from the University of Denver.

"As a leader in managed video services, Glowpoint is in a great position strategically with unique opportunities for growth in the coming years," said Clark. "I am excited to be part of the company and look forward to working with Pete and the entire Glowpoint team."

"We are very pleased to add David to our executive management team," added Holst. "As Glowpoint continues on the path toward product expansion and a refined customer value proposition, David's experience managing financial operations and his strong general business background will be invaluable assets."

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