Maria Henry elected Vastera's CFO

By SiliconIndia   |   Tuesday, 24 September 2002, 07:00 Hrs
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DULLES: Vastera, Inc. (Nasdaq:VAST), the leading provider of solutions for Global Trade Management (GTM), Tuesday announced that Maria Henry has been appointed chief financial officer (CFO), replacing Phil Balsamo, who is resigning to pursue outside opportunities.

Henry will formally join the Company in October, upon completing her transition from Acterna Corporation, where she is presently the Vice President of Corporate Development.

Henry has held senior-level financial and management positions with several global technology and services companies. She brings to Vastera a depth of experience in developing financial growth strategies, implementation of financial controls, structuring mergers and acquisitions, as well as managing diverse investor classes.

"Maria is an excellent addition to our senior management team. She has a stellar reputation for knowing how to build growth companies with shareholder value in mind," said Vastera President and CEO Mark Ferrer. "Her past experience overseeing the strategic planning processes and financial management coupled with her management of billion dollar financial organizations will be invaluable to the Company as we continue our global expansion."

Most recently, Henry has served as the Vice President, Corporate Development of Acterna Corporation. Prior to that, she was US Office Products' Chief Financial Officer, North America and its Senior Vice President, Finance, Planning and Analysis.

She served for three years as Vice President of Investor Relations for Wang Global, a multi-billion company that doubled its size during her tenure and completed four acquisitions. She also held various management positions in multiple functional areas with GE Information Systems, including Finance, MIS, Marketing and Business Process Reengineering during her eight years with that company.

"Vastera provides high value solutions in a rapidly emerging market space," Henry said. "I am excited about the future of the Company and the impact that I can have on its success."

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