Spok Appoints New Chief Financial Officer
March 27 2017 - 4:05PM
Business Wire
Industry Veteran Michael W. Wallace Joins
Spok Management Team;Company Appoints Shawn E. Endsley as
Chief Accounting Officer
Spok Holdings, Inc. (NASDAQ: SPOK), the global leader in
healthcare communications, today announced that Michael W. Wallace
has joined the Company as its new Chief Financial Officer (CFO). He
will succeed Shawn E. Endsley in that position, who effective
immediately assumes the role of Chief Accounting Officer. Wallace
joins Spok from Intermedix, a global leader in healthcare revenue
cycle/practice management and data analytics solutions, where he
was Executive Vice President and CFO since August 2013. Wallace
brings with him a proven ability to manage the finance function in
a rapidly growing and changing environment and implementing
strategies for improving revenue and profitability.
“I am excited to welcome Mike to Spok’s management team, where
he will undoubtedly make an immediate impact as we continue our
transition from a telecom-based wireless company to a software
provider that delivers industry-leading unified critical
communications solutions,” said Vincent D. Kelly, chief executive
officer. “We are particularly impressed with Mike’s deep experience
in medical diagnostic services, software development,
digital/interactive marketing and regulatory compliance. I believe
that Mike, and the entire team, will continue our commitment to
Spok’s core values of putting the customer first, providing
solutions that matter, innovation and accountability; while
managing the investments that we are making in our software
solutions, operating platform and infrastructure to drive long-term
organic growth.”
"I can’t imagine a more exciting time to join Spok,” Wallace
said. “Spok’s transformation and the investments that we are making
in our systems, people and marketing programs is the right strategy
and positions the company well to capture the large market
opportunity ahead of us and for sustained, long-term growth. Vince
and his executive team recognize and appreciate the importance of
Spok’s mission, to deliver clinical information to care teams when
and where it matters most to improve patient outcomes, and I am
delighted to be a part of it.”
Wallace will lead Spok’s financial operations, including
accounting, audit, budgeting, financial planning and analysis, tax,
internal and external reporting and investor relations. He will
report directly to Kelly. He succeeds Shawn Endsley, who has served
as Spok’s CFO since 2010. Endsley will remain at Spok and report to
Wallace in the role of Chief Accounting Officer.
“Shawn’s commitment to Spok has been vital to everything this
company has achieved during the time he served as CFO,” said Kelly.
“I am grateful and want to take this opportunity to thank him for
all he has done to support Spok’s transformation from a
telecom-based wireless company. However, we mutually agreed that
the time was right to transition the CFO role to someone with
deeper software industry experience. In his new role, Shawn will
help us address regulatory and compliance changes as well as tackle
the many opportunities to improve the efficiency and performance of
our financial platform.”
Wallace has spent more than 20 years as a financial executive at
both public and private companies. Prior to joining Intermedix,
Wallace was the Executive Vice President and CFO of The Elephant
Group (d.b.a. Saveology.com), a leading Internet-based,
direct-to-consumer marketing platform. Prior to that, he served as
Senior Vice President and CFO of Radiology Corporation of America,
a national provider of mobile and fixed-site positron emission
tomography (PET) imaging services. Wallace has also served as an
Assistant Chief Accountant in the Securities and Exchange
Commission’s (SEC) Division of Enforcement and was a member of the
Commission’s Financial Fraud Task Force in Washington, D.C.
Prior to being at the SEC, Wallace served as CFO at Inktel
Direct, Corp., a direct marketing service firm, CELLIT
Technologies, Inc., a software company serving the contact center
marketplace, and Kellstrom Industries, Inc., a publicly held global
aerospace company. Before joining Kellstrom, Wallace worked at KPMG
Peat Marwick, LLP in Miami for more than seven years. He received
his bachelor’s degree in business administration from the
University of Notre Dame and is a licensed Certified Public
Accountant.
About Spok
Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in
Springfield, Va., is proud to be the global leader in healthcare
communications. We deliver clinical information to care teams when
and where it matters most to improve patient outcomes. Top
hospitals rely on the Spok Care Connect® platform to enhance
workflows for clinicians, support administrative compliance, and
provide a better experience for patients. Our customers send over
100 million messages each month through their Spok® solutions. When
seconds count, count on Spok.
Safe Harbor Statement under the Private Securities Litigation
Reform Act: Statements contained herein or in prior press
releases which are not historical fact, such as statements
regarding Spok’s future operating and financial performance, are
forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and
uncertainties that may cause Spok’s actual results to be materially
different from the future results expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially from those expectations include, but are not
limited to, declining demand for paging products and services,
continued demand for our software products and services, our
ability to develop additional software solutions for our customers
and manage our development as a global organization, the ability to
manage operating expenses, future capital needs, competitive
pricing pressures, competition from both traditional paging
services and other wireless communications services, competition
from other software providers, government regulation, reliance upon
third-party providers for certain equipment and services, as well
as other risks described from time to time in our periodic reports
and other filings with the Securities and Exchange Commission.
Although Spok believes the expectations reflected in the
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Spok
disclaims any intent or obligation to update any forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170327005964/en/
Spok Holdings, Inc.Al Galgano,
952-567-0295Al.Galgano@spok.com
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