One Stop Systems Announces Chief Financial Officer Transition
One Stop Systems (OSS) has appointed Daniel Gabel as CFO, Treasurer, and Secretary, effective November 11, 2024. Gabel succeeds John Morrison, who is retiring after serving since September 2017. Gabel brings over 14 years of defense industry experience, most recently serving as CFO of CAES' Defense System Division. Previously, he spent over 10 years at RTX across various finance roles, including as CFO of SEAKR Engineering. The transition aligns with OSS's strategy to pursue growth in commercial and defense markets.
One Stop Systems (OSS) ha nominato Daniel Gabel come CFO, Tesoriere e Segretario, a partire dal 11 novembre 2024. Gabel succede a John Morrison, che si ritira dopo aver servito dall settembre 2017. Gabel porta con sé oltre 14 anni di esperienza nel settore della difesa, avendo recentemente ricoperto il ruolo di CFO della Divisione Sistemi di Difesa di CAES. In precedenza, ha trascorso oltre 10 anni presso RTX in vari ruoli finanziari, incluso quello di CFO di SEAKR Engineering. Questa transizione si allinea con la strategia di OSS di perseguire la crescita nei mercati commerciali e della difesa.
One Stop Systems (OSS) ha nombrado a Daniel Gabel como CFO, Tesorero y Secretario, con efecto a partir del 11 de noviembre de 2024. Gabel sucede a John Morrison, quien se jubila después de haber servido desde septiembre de 2017. Gabel aporta más de 14 años de experiencia en la industria de defensa, habiendo sido CFO de la División de Sistemas de Defensa de CAES. Anteriormente, pasó más de 10 años en RTX en varios roles financieros, incluido el de CFO de SEAKR Engineering. La transición se alinea con la estrategia de OSS de buscar crecimiento en los mercados comerciales y de defensa.
원스톱 시스템즈(OSS)는 다니엘 가벨을 CFO, 재무 담당, 비서로 임명하며, 2024년 11월 11일부터 효력이 발생합니다. 가벨은 2017년 9월부터 재직한 존 모리슨을 이어받으며 은퇴합니다. 가벨은 국방 산업에서 14년 이상의 경험을 쌓았으며, 최근에는 CAES의 국방 시스템 부문의 CFO로 재직했습니다. 이전에는 RTX에서 10년 이상 다양한 재무 역할을 수행했으며, SEAKR 엔지니어링의 CFO를 포함합니다. 이번 전환은 상업 및 국방 시장에서의 성장을 추진하려는 OSS의 전략과 일치합니다.
One Stop Systems (OSS) a nommé Daniel Gabel en tant que CFO, Trésorier et Secrétaire, à compter du 11 novembre 2024. Gabel succède à John Morrison, qui prend sa retraite après avoir servi depuis septembre 2017. Gabel apporte plus de 14 ans d'expérience dans l'industrie de la défense, ayant récemment occupé le poste de CFO de la Division des Systèmes de Défense de CAES. Auparavant, il a passé plus de 10 ans chez RTX dans divers rôles financiers, y compris en tant que CFO de SEAKR Engineering. Cette transition s'aligne avec la stratégie d'OSS de rechercher une croissance sur les marchés commerciaux et de défense.
One Stop Systems (OSS) hat Daniel Gabel zum CFO, Schatzmeister und Sekretär ernannt, wirksam ab dem 11. November 2024. Gabel folgt auf John Morrison, der nach seinem Dienst seit September 2017 in den Ruhestand geht. Gabel bringt über 14 Jahre Erfahrung in der Verteidigungsindustrie mit, zuletzt als CFO der Verteidigungssystem-Abteilung von CAES. Zuvor war er über 10 Jahre bei RTX in verschiedenen Finanzrollen tätig, darunter als CFO von SEAKR Engineering. Der Übergang passt zu OSS's Strategie, Wachstum in den kommerziellen und verteidigungsbezogenen Märkten zu verfolgen.
- Appointment of experienced CFO with extensive defense industry background
- Planned seamless transition with retiring CFO staying until November 30
- Strategic alignment with company's focus on defense and commercial markets
- None.
Insights
The appointment of Daniel Gabel as CFO marks a strategic shift in OSS's leadership, particularly significant given his extensive background in defense contracting. His experience at major players like CAES and RTX aligns with OSS's focus on defense markets and AI computing solutions. The transition comes at a important time as OSS aims to expand in high-margin defense and commercial sectors.
The 18-month leadership transformation suggests a deliberate strategy to reposition the company. Gabel's expertise in defense industry finance could help OSS navigate complex government contracts and optimize its financial operations. For a company with a relatively small market cap of
Daniel Gabel Appointed Chief Financial Officer, Treasurer and Secretary
ESCONDIDO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced Daniel Gabel has been appointed CFO, Treasurer, and Secretary, effective November 11, 2024. Gabel will succeed John Morrison, who has announced his retirement from OSS. Morrison has served as the Company’s CFO, Treasurer, and Secretary since September 2017 and will remain with the Company as a non-executive employee from November 11, 2024, until November 30, 2024, to ensure a seamless transition.
“I want to thank John for his commitment and dedication to OSS. John has played a key role in developing our business strategies and ensuring long-term financial excellence. On behalf of everyone at OSS, I wish John the best in his retirement,” stated Mike Knowles, Chief Executive Officer.
“As part of this transition, I am pleased to welcome Daniel to the Company. Daniel is a proven CFO that has led high-performing financial and accounting teams at some of the world’s top defense contractors. Throughout his career, Daniel has leveraged his industry knowledge and strategic skillset to improve performance and drive financial excellence, while ensuring strong leadership and financial controls. Today’s announcement represents a natural evolution for OSS. Over the past 18 months, we have assembled a new leadership team that is aligned with the growth strategies we are pursuing across large, high-growth, and high-margin commercial and defense markets. I look forward to working with Daniel, and the entire leadership team, to take OSS to the next level and create lasting value for our shareholders.”
Gabel brings over 14 years of accounting, financial, and strategic leadership within the defense industry to OSS. Most recently, Gabel served as the CFO of CAES’ Defense System Division, a division of Honeywell that provides advanced electronic solutions to the U.S. aerospace and defense industry. Prior to this, Gabel spent over 10 years at RTX Corporation (Raytheon) across various finance and accounting roles, and within several different divisions, including serving as CFO from 2021 – 2023 of SEAKR Engineering, a Raytheon subsidiary. Gabel has a Master of Business Administration from Southern Methodist University and a Bachelor of Science in Business Administration from the University of Southern California.
About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI Transportable solutions for the demanding ‘edge.’ OSS designs and manufactures the highest performance compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to the harsh and challenging applications, whether they are on land, sea or in the air.
OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.
OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.
As the fastest growing segment of the multi-billion-dollar edge computing market, AI Transportables require—and OSS delivers—the highest level of performance in the most challenging environments without compromise.
OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.
Forward-Looking Statements
One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to, variability in the timing or magnitude of the revenue attributable to this program win, fitness of the video concentrator for the visualization application, vehicles the video concentrator is deployed on and technical specifications of the final solution. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Media Contacts:
Robert Kalebaugh
One Stop Systems, Inc.
Tel (858) 518-6154
Email contact
Investor Relations:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
Email contact
FAQ
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