Next Inc announced that effective, Chief Financial Officer (CFO) Charles Thompson is resigning and is being replaced as CFO by David O. Cole. Mr. Thompson will continue as an employee, working with the Board on specific assignments.
Mr. Cole, a C.P.A., joins Next after spending the last six years as founding member of Wellspring Resources LLC, a consulting firm specializing in corporate financial management and interim executive services. While with Wellspring, he worked with both public and private companies, fulfilling the roles of Controller, CFO and COO in various businesses.
In addition, he worked in mergers & acquisitions as an intermediary. Prior to 2000, Mr. Cole was the CFO of Lincoln Foodservice Products Inc, a publicly traded NASDAQ National Market System listed smallwares and equipment manufacturer with sales of $100 million. He was employed by Ernst & Young from 1979 until 1985 as a Tax Manager.
“I'm happy to be joining the Next team,” Mr. Cole said. “I've already spent significant time with Company executives and I am very impressed with their cohesiveness and unified vision for the Company. Importantly, I wish to thank Chuck Thompson for his stewardship. The Company would clearly not be in the stable financial condition it is, and in position to capitalize on that had it not been for his strong commitment to the company and its shareholders during the last five years. It will be my distinct honor to accept the passing of the baton and to be a part of making this Company even more successful.”
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