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Vislink Technologies, Inc. ("Vislink" or the "Company") (NASDAQ:VISL), a global technology leader in the capture, delivery, and management of high quality, live video and associated data in the media and entertainment, law enforcement, and defense markets, today announced the appointment of Christopher DeSalvo as its Chief Financial Officer and Vice President of Operations, effective immediately.
DeSalvo is a distinguished leader with a proven track record of leading significant financial and operational transformations in large-scale enterprises. He began his career at First Union National Bank, focusing on capital markets and corporate finance, and progressively held various roles in finance, risk management, and strategic planning. This led to him becoming the Chief Financial Officer for Business Banking and Small Business Capital at Wachovia. Subsequently, DeSalvo served as the CFO for the Southeast and Mid-Atlantic regions, overseeing 20 successful merger integrations, including those with SouthTrust and Signet.
In his most recent role as Shared Services and Operations Executive at Paychex, DeSalvo led initiatives resulting in substantial annual savings, operational excellence, and robust client engagement. His expertise in building and deploying operational infrastructures and processes significantly enhanced service delivery and operational efficiency, contributing to significant growth in revenue and EPS.
Mickey Miller, CEO of Vislink, stated: "With Christopher's leadership in finance and operations, Vislink is poised to build upon recent transformations, including our lowered revenue breakeven point and increased operational efficiencies. His acumen will be key in leveraging our strong balance sheet, driving growth, integrating the recently acquired BMS assets effectively, and strengthening our recurring revenue streams."
DeSalvo added: "I am grateful for the opportunity to join Vislink at this pivotal time. As the Company emerges from a year of solid growth in its core MilGov segment, my immediate focus will be on guiding key integrations and establishing sustainable operational processes. This approach will be key to capitalizing on opportunities within our strong sales pipeline, with the aim of accelerating top-line growth."
Paul Norridge will transition from his role as Chief Financial Officer of the Company to the position of Vice President of Finance. He will serve in this capacity until March 31, 2024, at which point he will become an advisor to the Company as needed. This transition is part of a mutually agreed plan and reflects a shared commitment to ensure a smooth and effective transition. Vislink expresses its gratitude to Mr. Norridge for his contributions over the past 15 years.
Posted In: VISL
