TSS Inc. (Total Site Solutions) Names Danny Chism as Chief Financial Officer

Rhea-AI Summary

Total Site Solutions (OTC:TSSI), a leader in data center and modular services, has named Danny Chism as its new Chief Financial Officer, effective June 7, 2024. Chism brings over 30 years of leadership experience, having driven scale and profitability in both private and public companies. He replaces John Penver, who served as CFO for a decade and will assist in the transition.

As CFO, Chism will oversee financial strategy and operations, including planning, risk management, reporting, treasury, tax, and investor relations. His prior roles include CFO positions at Goodwill Industries of Central Texas, EZCORP, Inc., Cash Solutions Centers, and Gatsby Investments. He holds a master’s degree in professional accounting and a BBA in Accounting from the University of Texas at Austin.

Positive

• Appointment of Danny Chism as CFO, bringing over 30 years of leadership experience.
• Chism has a proven track record in driving scale and profitability in both private and public companies.
• He has significant experience in strategic transactions, capital markets, and value creation.
• Outgoing CFO John Penver is assisting in a smooth transition, ensuring continuity.
• Chism’s extensive background includes CFO roles at notable organizations like Goodwill Industries of Central Texas and EZCORP, Inc.
• Chism holds advanced degrees in professional accounting and is a licensed CPA in Texas.

Negative

• Transition of CFO position may lead to short-term operational disruptions.
• Potential risks associated with changes in financial strategy and operations under new CFO.
• Outgoing CFO John Penver’s departure could result in a loss of institutional knowledge and experience.

ROUND ROCK, Texas, June 10, 2024 (GLOBE NEWSWIRE) -- Total Site Solutions (OTC:TSSI), a leader in end-to-end integration technology solutions for data centers and modular services, today announced the appointment of Daniel M. (“Danny”) Chism as Chief Financial Officer (CFO) of TSS Inc, effective June 7, 2024. Mr. Chism will oversee TSS's financial strategy and operations, bringing over 30 years of leadership experience and a proven track record of driving scale and profitability at both private and publicly traded companies.

“Danny is an accomplished executive with deep experience in many industries, guiding companies through periods of rapid organic and inorganic growth during his impressive 33-year career,” said Darryll Dewan, Total Site Solutions CEO and President. “He brings a resume of successes marked by strong operational results, capital markets and strategic transactions, and value creation. We are thrilled to welcome him to the team and look forward to what we’ll be able to accomplish together. I would also like to thank our outgoing CFO John Penver, who, over the past ten years, has helped lead the organization to its current point and is helping with a smooth transition to Danny. John has been a great asset to the company, and I wish him the best in his future endeavors.”

As CFO, Mr. Chism will lead the financial operations at TSS, including planning, risk management, reporting, treasury, tax, and investor relations. He will work closely with CEO Darryll Dewan and the executive management team to execute the strategic plan and continue a growth trajectory for TSS.

Prior to joining TSS, Mr. Chism served in CFO positions at Goodwill Industries of Central Texas, EZCORP, Inc. (NASDAQ EZPW), Cash Solutions Centers, and Gatsby Investments. Prior to EZCORP, he was in the audit department of Ernst and Young.

Mr. Chism graduated from the University of Texas at Austin in 1991 with his master’s degree in professional accounting, where he also earned his BBA in Accounting. He is an advisor to the University of Houston Bauer College of Business and a member of the CFO Leadership Council and Financial Executives International. Mr. Chism is a licensed CPA in the state of Texas and is a Chartered Global Management Accountant.

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About TSS, Inc.
TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and efficiently utilize the necessary technology. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation of generative AI and other leading-edge technologies essential for modern computing, data, and business needs. TSS's reputation is built on passion and experience, quality, and fast time to value. As trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year. For more information, visit www.tssiusa.com.

FAQ

Who is the new CFO of Total Site Solutions?

Danny Chism has been appointed as the new CFO of Total Site Solutions, effective June 7, 2024.

What is Danny Chism's background?

Danny Chism has over 30 years of leadership experience in both private and public companies. He has held CFO positions at Goodwill Industries of Central Texas, EZCORP, Inc., Cash Solutions Centers, and Gatsby Investments.

When did Danny Chism become the CFO of TSSI?

Danny Chism became the CFO of Total Site Solutions on June 7, 2024.

What will Danny Chism be responsible for as CFO of TSSI?

As CFO, Danny Chism will oversee financial strategy and operations, including planning, risk management, reporting, treasury, tax, and investor relations.

Who was the previous CFO of Total Site Solutions?

John Penver was the previous CFO of Total Site Solutions and served in that role for a decade.

What are Danny Chism’s academic qualifications?

Danny Chism holds a master’s degree in professional accounting and a BBA in Accounting from the University of Texas at Austin.