DPW Holdings Names Kenneth S. Cragun Chief Accounting Officer
October 01 2018 - 6:30AM
DPW Holdings, Inc. (NYSE American: DPW), a diversified holding
company, announced it hired Kenneth S. Cragun to fill the new
position of Chief Accounting Officer. Cragun will report to the
Company’s CFO, William B. Horne.
DPW’s CEO and Chairman, Milton “Todd” Ault, III said, “With over
30 years’ experience serving a wide variety of public and private
multi-national businesses, Ken is a great fit for DPW. e is a
strategic thinker who is comfortable in fast-growth and dynamic
environments, building great teams and providing solid financial
and accounting infrastructure. His expertise includes SEC
reporting, cash management and sophisticated technical accounting.
We believe his financial acumen will enhance our ability to
continue to build and monetize our diversified portfolio.”
Cragun stated, “With its current portfolio, DPW has significant
opportunities to drive growth and create value. And, with a strong
financial infrastructure, we can leverage our foundation and expand
our reach with additional investments. I am excited to partner with
the team to drive long-term shareholder value.”
About Kenneth S. Cragun
Cragun most recently was a CFO Partner at Hardesty, LLC, a
national executive services firm since October 2016. His
assignments included serving as CFO of CorVel Corporation, a
publicly traded (NASDAQ: CRVL) nationwide leader in technology
driven risk management programs and of RISA Tech, Inc. a private
structural design and optimization software company. Cragun was
also CFO of two NASDAQ-listed companies: Local Corporation, from
April 2009 to September 2016, which operated Local.com, a U.S. top
100 website; and Modtech Holdings, Inc., from June 2006 to March
2009, a supplier of modular buildings. Prior, he had financial
leadership roles with increasing responsibilities at MIVA, Inc.,
ImproveNet, Inc., NetCharge Inc., C-Cube Microsystems, Inc, and
3-Com Corporation. Cragun began his professional career at
Deloitte. Currently, Cragun is on the board of directors of nFusz,
Inc. (OTC: FUSZ).
Cragun, a CPA, earned his BS in Accounting from Colorado State
University-Pueblo and his AAS in Business Management from Brigham
Young University-Idaho. He is also a two-time finalist for the
Orange County Business Journal “CFO of the Year - Public
Companies”.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly owned
subsidiaries and strategic investments, the company provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial,
telecommunications, medical, crypto-mining, and textiles. In
addition, the company owns a select portfolio of commercial
hospitality properties and extends credit to select entrepreneurial
businesses through a licensed lending subsidiary. DPW Holdings,
Inc.’s headquarters is located at 201 Shipyard Way, Suite E,
Newport Beach, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
The foregoing release contains “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, as amended. These forward-looking statements
generally include statements that are predictive in nature and
depend upon or refer to future events or conditions, and include
words such as “believes,” “plans,” “anticipates,” “projects,”
“estimates,” “expects,” “intends,” “strategy,” “future,”
“opportunity,” “may,” “will,” “should,” “could,” “potential,” or
similar expressions. Statements that are not historical facts are
forward-looking statements. Forward-looking statements are based on
current beliefs and assumptions that are subject to risks and
uncertainties. Forward-looking statements speak only as of the date
they are made, and the Company undertakes no obligation to update
any of them publicly in light of new information or future events.
Actual results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.com and on the Company’s
website at www.DPWHoldings.com.
Contacts:
Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
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