CSP (CSPI) Names Dellovo as Permanent CEO, Chair
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CSP, Inc. (Nasdaq: CSPI) has approved a succession plan for former Chairman, President and Chief Executive Officer Alexander R. Lupinetti, who passed away suddenly late last month. Victor Dellovo, 43, who was appointed Interim President and CEO on August 20, 2012, will assume those roles on a permanent basis and he was also appointed as a member of the Board of Directors. C. Shelton (Shelly) James, 72, a Director of CSPI since 1994, has been appointed Chairman of the Board of Directors.
Victor Dellovo had served as President of Worldwide Operations of CSP's Modcomp subsidiary since September 2010. At Modcomp, he drove the transition of the Service and Systems Integration segment's strategy to higher-margin consulting as well as solutions and managed services. He also was responsible for spearheading the Company's successful acquisition of Florida-based R2 Technology Inc. He joined Modcomp as president of the Systems and Solutions segment in 2003 following the acquisition of Technisource Hardware Inc., a company he co-founded in 1997. Mr. Dellovo received a Bachelor of Science degree in Electrical Engineering from the University of Massachusetts-Lowell.
C. Shelton James has served on CSP's Board of Directors since 1994. He also currently serves as Principal of Shelton James Associates, a business consulting firm. He has formerly served as a Director of Fundamental Management Corporation; Director and CEO of Cyberguard Corporation; Director and Chief Executive Officer of Technisource, Inc.; Director of DRS Technologies; Chief Executive Officer and Chairman of Elcotel; and is a Director of Concurrent Computer Corporation.
The Company also announced that Peter Kaufman, will be promoted to Vice President of Operations at Modcomp Inc. He will assume the day to day operational responsibilities for the U.S. operation. Mr. Dellovo will continue to oversee the world wide operation of Modcomp. Mr. Kaufman joined Modcomp following the acquisition of Technisource Hardware Inc. in 2003.
Victor Dellovo had served as President of Worldwide Operations of CSP's Modcomp subsidiary since September 2010. At Modcomp, he drove the transition of the Service and Systems Integration segment's strategy to higher-margin consulting as well as solutions and managed services. He also was responsible for spearheading the Company's successful acquisition of Florida-based R2 Technology Inc. He joined Modcomp as president of the Systems and Solutions segment in 2003 following the acquisition of Technisource Hardware Inc., a company he co-founded in 1997. Mr. Dellovo received a Bachelor of Science degree in Electrical Engineering from the University of Massachusetts-Lowell.
C. Shelton James has served on CSP's Board of Directors since 1994. He also currently serves as Principal of Shelton James Associates, a business consulting firm. He has formerly served as a Director of Fundamental Management Corporation; Director and CEO of Cyberguard Corporation; Director and Chief Executive Officer of Technisource, Inc.; Director of DRS Technologies; Chief Executive Officer and Chairman of Elcotel; and is a Director of Concurrent Computer Corporation.
The Company also announced that Peter Kaufman, will be promoted to Vice President of Operations at Modcomp Inc. He will assume the day to day operational responsibilities for the U.S. operation. Mr. Dellovo will continue to oversee the world wide operation of Modcomp. Mr. Kaufman joined Modcomp following the acquisition of Technisource Hardware Inc. in 2003.
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