VirTra Appoints Marsha J. Foxx as Interim Vice President Chief Accounting Officer

Rhea-AI Summary

VirTra, Inc. (NASDAQ: VTSI) announced the appointment of Marsha J. Foxx as Interim Vice President Chief Accounting Officer, succeeding retiring CFO Judy Henry. With over 20 years of finance experience, Foxx has held leadership roles in technology and healthcare and aims to leverage her expertise for VirTra's expansion. Bob Ferris, chairman and CEO, expressed confidence in Foxx's skills complementing the company's growth strategy. Foxx acknowledged the firm's consistent growth and operational advancements, looking forward to contributing to its next phase.

Positive

• Marsha Foxx brings over 20 years of financial experience, strengthening leadership.
• Her expertise in finance and accounting could aid in scaling the business further.
• Confidence from management in Foxx's ability aligns with the company's growth strategy.

Negative

• None.

Foxx to Replace Outgoing Chief Financial Officer Judy Henry

TEMPE, Ariz., Dec. 11, 2020 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, has appointed Marsha J. Foxx as Interim Vice President Chief Accounting Officer to replace outgoing Chief Financial Officer Judy Henry, who, as previously announced in November 2020, will be retiring this month.

Foxx brings to VirTra over 20 years of experience in financial operations, business transformation strategies, and all phases of the accounting processes and controls. Throughout her career, she has held numerous leadership positions in a variety of industries including technology and healthcare. Prior to joining VirTra, she served as vice president of finance for Cerberus Cyber Sentinel, a cyber security startup, global executive vice president finance at Column5 Consulting Group, and chief financial officer of Tactical Air Services, a civilian-based military aggressor flight training company. Foxx holds a Bachelor of Science in Business Administration, majoring in Accounting, from Central Michigan University, and has been a Certified Public Accountant (CPA) for over 25 years.

“Marsha brings to VirTra two decades of financial expertise and executive leadership that are directly complementary to our organization,” said Bob Ferris, chairman and chief executive officer of VirTra. “We believe the hands-on proficiency she’s developed in finance and accounting, as well as her strategic thinking, will be of great value as we look to continue scaling the business. On behalf of our entire team, I’d like to welcome Marsha to VirTra.”

Judy Henry, retiring chief financial officer added, “I’m grateful to have had the opportunity to help ensure a seamless transition of responsibilities. As Marsha takes over leading VirTra’s financial operations, I remain confident that the whole team, with her assistance, will continue building on VirTra’s prior successes.”

Marsha J. Foxx commented, “Given the company’s long history of consistent growth and the operational progress of the past year, it’s a particularly exciting time to be joining VirTra. I look forward to leveraging my expertise and working in tandem with the rest of the management team to help lead the company through the next phase of expansion.”

About VirTra
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.

Investor Relations Contact:
Matt Glover or Charlie Schumacher
VTSI@gatewayir.com
949-574-3860

FAQ

What prompted the management change at VirTra (VTSI)?

Judy Henry is retiring as CFO, leading to Marsha J. Foxx's appointment.

What experience does Marsha Foxx have relevant to VirTra (VTSI)?

Foxx has over 20 years in finance, including leadership roles in various industries.

How does Marsha Foxx's appointment affect VirTra's (VTSI) growth strategy?

Her financial expertise is expected to support the company's expansion plans.

What did the CEO say about Marsha Foxx's role at VirTra (VTSI)?

Bob Ferris expressed confidence in her skills enhancing the company's growth strategy.

When did Judy Henry announce her retirement from VirTra (VTSI)?

Judy Henry's retirement announcement was made in November 2020.