PowerBand Expands Executive Team With Appointment Of Executive VP, Finance and Strategy

PowerBand Solutions (TSXV: PBX) is bolstering its management team for the new year evidently. Following yesterdays news of the appointment of a new chief financial officer, the firm this morning announced the appointment of Steve Waller as Executive Vice President of Finance and Strategy.

Waller comes to the company from that of D&P Solutions, where he worked as Vice President of Strategic Investments. As a result, he already understands the PowerBand operation intimately, given the close relationship D&P has fostered with that of PowerBand. He comes to the company with senior executive experience along with expertise in the automotive retail sector in addition to the banking and finance industry.

In terms of experience, Waller is responsible for sourcing, negotiating, and funding over $10 billion in loans through some of the largest US Banks, along with consummating more than $5 billion in acquisitions and divestitures in both the US and internationally. Waller is also responsible for having lead mergers and acquisitions and managing real estate and vendor groups for Group 1 Automotive and Asbury Automotive.

“We are extremely pleased that Steve is joining the PowerBand team. His contributions will maximize our ability to capitalize on many opportunities that Powerband has in the US, Canada and globally. He brings an enviable wealth of knowledge and experience in the Automotive and Banking sectors including cross-border financing and M&A activities and we are looking forward to his leadership as key factor in our continued development and success.”

Kelly Jennings, CEO of PowerBand

PowerBand Solutions last traded at $0.345 on the TSX Venture.

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