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IPC promotes Whelan and McHale

01 July 2009  |  1092 views  |  0 Source: IPC

IPC Systems, Inc., a leading provider of indispensable trading communications solutions to the world's leading financial services firms and global enterprises, today announced the appointments of Timothy Whelan to executive vice president and chief operating officer (COO), and William McHale to senior vice president, chief financial officer (CFO).

In his new role as COO, Mr. Whelan will be responsible for overseeing IPC's global sales and marketing teams, global operations, manufacturing, and business development. As IPC's newly appointed CFO, Mr. McHale will continue to direct the global corporate finance, treasury and tax functions and will now be responsible for the company's procurement operations.

Mr. Whelan, formerly IPC's CFO, joined the company in 1999 and since then has continued to increase his strategic leadership role in the company's senior executive team. His achievements include helping the company grow from a $200 million equipment provider to a $500 million plus global enterprise of trading floor solutions. During this period, Mr. Whelan was responsible for the company's business development team, leading to several strategic growth initiatives including the acquisition and capital financing of seven companies and divestiture of two divisions. During his tenure he was also responsible for the company's human resource and information technology functions. Last year he also assumed responsibility for IPC's manufacturing and procurement teams, driving efficiency and improvements into IPC's supply chain management.

Since joining IPC in 2007 as senior vice president of Finance, Mr. McHale has successfully managed accounting and financial integrations of acquired and divested entities, annual and special audits and financial reporting and communications within IPC and with the company's outside lenders. Before joining IPC, Mr. McHale, a certified public accountant with more than twenty-five years of experience in senior level finance positions, was the CFO of Infocrossing, Inc., a leading provider of IT outsourcing solutions and a NASDAQ traded company until its sale.

"Tim and Bill are superb leaders and I am thrilled to have them both play more significant roles within the IPC senior management team," said Lance Boxer, chief executive officer, IPC Systems. "Both of thesesse men know our business well, and they understand what is important to our customers. Our focus will remain on our customers and we will continue to deliver on our strategic initiatives and innovations in order to provide the industry's best trading communications solutions and services. Tim and Bill are instrumental players in making this vision a reality."

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