Vecima Networks Inc. (TSX: VCM) today announced the retirement of CFO Dale Booth following a distinguished 42-year professional career, including 13 years with Vecima.

Vecima also today announced that Judson (Judd) Schmid, a nine-year veteran of Vecima & Concurrent Computer Corporation ("Concurrent"), will assume the role of Chief Financial Officer on September 16, 2024, with transition support from Mr. Booth over the coming six months. The appointment follows a planned process of succession conducted by the Company in anticipation of Mr. Booth's eventual retirement. Mr. Schmid joined Vecima as part of its 2017 acquisition and integration of Concurrent. He most currently served as Vecima’s Vice President, Finance and Accounting, with responsibilities including audits, banking and insurance liaison, IFRS compliance, and management of the finance portion of Vecima's ERP conversions. He has also played a key role in financial due diligence in prior acquisitions. Prior to joining Vecima, Mr. Schmid was Vice President & Corporate Controller at Concurrent, led a successful financial consulting practice with clients including Correct Care Solutions, Rio Tinto plc, and Novelis Inc., held the CFO role at Nasdaq-traded Proxymed Inc., and was Supervising Senior at KPMG. Mr. Schmid is a Certified Professional Accountant and holds a Master of Accounting Degree from Florida Atlantic University.

Read the full press release here.

Vecima Networks