Wilsonville, Ore., USA - September 10, 2014, Wilsonville, Ore., USA - XZERES Corp., a global clean energy solutions company, has appointed R. Michael Williams as chief financial officer.
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Mr. Williams brings more than 30 years of experience in finance and accounting for publicly traded and privately held manufacturing and distribution companies. He previously served as CFO of Dr. Bott, a distributor for digital lifestyle accessories for Apple devices.
Prior to Dr. Bott, he was vice president of finance at Sonetics Corporation, a leader in innovative and proven team communication systems for high-noise environments. He has also served as CFO of Silver Eagle Manufacturing Co., the global leader in light tactical trailers and converter dollies.
Before Silver Eagle, he was vice president of finance at HemCon Medical Technologies, a developer and marketer of advanced medical products and a subsidiary of publicly-traded TriStar Wellness Solutions, where he was awarded CFO of the Year for medium sized private companies by the Portland Business Journal.
Earlier in his career, he held controller positions at FEI Company, TRM Corporation, Williams Controls Industries, Gerber Legendary Blades Division of Fiskars, and Del Monte Foods.
Mr. Williams is a Certified Public Accountant, Certified Management Accountant and Chartered Global Management Accountant. He holds a MBA in IT and Finance from the University of Portland and a Bachelor of Science in Business Administration from Oregon State University.
He is succeeding Steven Shum who has been appointed chief operating officer and who will remain a company director.
Since 2004 Mr. Shum has been a Managing Principal of Core Fund Management, L.P. and the Fund Manager of Core Fund, L.P. Mr. Shum's tenure includes 15 years in the financial services industry where he has an extensive background in equity research, macroeconomics, and management.
Prior to joining Core Fund, he spent four years as founder and Executive Vice President of Revere Data, which created a patented equity research application. In addition to Revere Data, from 1999 to 2003, Mr. Shum was the senior investment analyst and co-portfolio manager with DNB Capital Management. ■