Network Equipment Technologies (NWK) Announced Separation of McGrath as CFO and VP
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Network Equipment Technologies, Inc. (NASDAQ: NWK) announced today that John F. McGrath, Jr., vice president and chief financial officer, is leaving the company to pursue other opportunities.
David Wagenseller, vice president and controller, will be the company's acting CFO, and Deborah Nelson, vice president of finance, will continue in her role.
"John McGrath has led us through major changes in accounting and compliance rules over the past eight years, including implementation of controls and procedures required under the Sarbanes-Oxley Act," said C. Nicholas Keating, Jr., President and CEO. "His finance strategy for NET has allowed us to maintain a balance sheet that serves as a firm foundation for our business."
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