GSE Systems Appoints Emmett A. Pepe as Chief Financial Officer
July 05 2016 - 4:05PM
Business Wire
GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT:
GVP), the world leader in real-time high-fidelity simulation
systems and training solutions to the power and process industries,
today announced the appointment of Emmett A. Pepe as Chief
Financial Officer, effective July 1, 2016. Mr. Pepe brings to GSE
30 years of experience in finance management, with strong
leadership skills and expertise in financial reporting,
international accounting operations, systems integration, internal
controls and process improvements, across a variety of business
sectors with a focus on the software and telecommunications
industries. He will succeed Jeff Hough, who will be pursuing other
interests, after a successful transition of the Company’s systems
and controls to Mr. Pepe.
Mr. Pepe joins GSE from MicroStrategy, Inc., a company focused
on business intelligence, big data, and mobile identity solutions,
where he served as the Senior Vice President Finance and Worldwide
Controller overseeing financial activities for the company
including accounting, financial reporting, tax and treasury. Prior
to MicroStrategy, Inc., Mr. Pepe held the position of Vice
President Accounting and Corporate Controller at BroadSoft, Inc., a
software and services company that enables telecommunications
service providers to deliver hosted, cloud-based unified
communications to their enterprise customers, where he was
responsible for overall global accounting, SEC reporting, tax,
treasury, human resources and facilities. Mr. Pepe was part of the
executive management team that took the company public in 2010.
Prior to BroadSoft, Inc., he held senior finance management
positions with various companies including Software AG, webMethods,
Inc., British Telecom Inc., Concert Communications Company and MCI
Communications Corporation.
Mr. Pepe earned his BS in Accounting from Penn State University,
is a licensed Certified Public Accountant (CPA) in Virginia, and is
a member of American Institute of CPAs and the Virginia Society of
CPAs.
Chris Sorrells, GSE’s Interim Chief Operating Officer, said,
“Emmett is a high-energy, seasoned professional with modern finance
and accounting operations skills. His financial skillset, technical
know-how, and hands on approach to management make Emmett the ideal
leader to optimize GSE’s finance function and energize staff as we
pursue new growth initiatives.”
Mr. Pepe commented, “I am thrilled to be joining GSE at this
exciting time in its history, and look forward to working closely
with GSE’s leadership to support the continuing growth and
evolution of the Company.”
ABOUT GSE SYSTEMS,
INC.
GSE Systems, Inc. is a world leader in real-time high-fidelity
simulation, providing a wide range of simulation, training and
engineering solutions to the power and process industries. Its
comprehensive and modular solutions help customers achieve
performance excellence in design, training and operations. GSE’s
products and services are tailored to meet specific client
requirements such as scope, budget and timeline. The Company has
over four decades of experience, more than 1,100 installations, and
hundreds of customers in over 50 countries spanning the globe. GSE
Systems is headquartered in Sykesville (Baltimore), Maryland, with
offices in St. Marys, Georgia; Huntsville, Alabama; Chennai, India;
Nyk�ping, Sweden; Stockton-on-Tees, UK; and Beijing, China.
Information about GSE Systems is available at www.gses.com.
FORWARD LOOKING
STATEMENTS
We make statements in this press release that are considered
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. These statements reflect our
current expectations concerning future events and results. We use
words such as “expect,” “intend,” “believe,” “may,” “will,”
“should,” “could,” “anticipate,” and similar expressions to
identify forward-looking statements, but their absence does not
mean a statement is not forward-looking. These statements are not
guarantees of our future performance and are subject to risks,
uncertainties, and other important factors that could cause our
actual performance or achievements to be materially different from
those we project. For a full discussion of these risks,
uncertainties, and factors, we encourage you to read our documents
on file with the Securities and Exchange Commission, including
those set forth in our periodic reports under the forward-looking
statements and risk factors sections. We do not intend to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160705005723/en/
GSE Systems, Inc.Chris Sorrells, 410-970-7802Interim
Chief Operating OfficerorThe Equity Group Inc.Devin
Sullivan, 212-836-9608Senior Vice
Presidentdsullivan@equityny.comorKalle Ahl, CFA, 212-836-9614Senior
Associatekahl@equityny.com
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