Versatile replaces CEO, relocates HQ

Dec. 12, 2013

Cloud-based digital signage and self-service solution provider Versatile Systems Inc. recently announced that Kenny Kahn, previously appointed as company president on July 31, has replaced John Hardy as CEO, and that Kelly Boyer has been appointed as the company's interim CFO, effective Dec. 13. Kahn also will join the company's board of directors. Versatile also announced it will close its Vancouver, Canada, head office in order to centralize finance and administrative functions at its operations facility, located in Mechanicsburg, Pa.

"For the last 3 1/2 years, John Hardy has been serving as the CEO of both Equus Total Return Inc. and Versatile," Bertrand des Pallieres, chairman of the board of Versatile, said in the announcement. "Over the last few months, John has recruited an excellent team to both stabilize and move the company forward. John will continue to assist Versatile in his capacity as a director. On behalf of the entire board, I want to express our appreciation for John's many contributions."

Kahn has a proven track record of successfully leading teams and achieving growth and profitability to create value for stakeholders, des Pallieres said.

"With nearly 30 years of operational and management expertise, Kenny's experience will be invaluable as the company continues to optimize its technologies and execute its growth strategy," he said. "As the current president of Versatile Systems Inc., he had the opportunity to acquire intimate, firsthand knowledge of both our company and our clients. We are confident that Kenny's dynamic skill set and experience make him ideally suited to lead Versatile Systems Inc. into its next phase of growth."

Boyer, who will replace Fraser Atkinson, has more than 30 years of experience in corporate finance, treasury and M-and-A work. Since 2010, she has served as president of Kelly Boyer & Associates, Inc., a consulting firm focusing on corporate finance, treasury and investor relations.

Boyer began her career in mergers and acquisitions, strategic planning and investor relations. Prior to beginning her consulting practice, she served in various senior finance roles in companies, both public and private, in various industries including mining, manufacturing, pharmaceuticals, and oil and gas. Over her career, she has participated in more than 40 major financing deals at companies such as Mylan Inc., Nova Chemicals Corp. and Nexen Inc., according to the announcement.

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Topics: Cloud-Based Digital Signage

Companies: Versatile Systems

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