Wayside Technology Group Announces the Appointment of Andrew ("Drew") Clark as Chief Financial Officer

Rhea-AI Summary

Wayside Technology Group (NASDAQ: WSTG) announced the appointment of Drew Clark as Chief Financial Officer, effective June 7, 2021. Clark previously served as Chief Operating Officer at Medisolv, Inc., contributing to finance and operations. His extensive experience includes board positions at SafeNet, Inc. and Howard Bancorp, suggesting strong financial leadership. CEO Dale Foster emphasized that Clark's addition solidifies the company's strategy to be a premier distributor for emerging data center brands. Clark aims to accelerate growth and enhance shareholder value.

Positive

• Drew Clark's extensive experience in finance and operations, potentially enhancing company performance.
• Leadership transition could strengthen strategic execution and growth acceleration.

Negative

• Michael Vesey's departure after four years may create continuity concerns.

EATONTOWN, N.J., June 09, 2021 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ: WSTG), a value-added IT channel company providing innovative sales and distribution solutions for emerging technology vendors, today announced the appointment of Drew Clark as Chief Financial Officer effective June 7th.

"Drew brings an excellent track record of driving results, as a leader in both publicly traded and privately held companies and we are thrilled to welcome him to our team," said CEO Dale Foster. Throughout his career Drew has played a pivotal role as a finance and operating executive most recently serving as the Chief Operating Officer of Medisolv, Inc. where he led all business operations, including finance, while supporting the strategic vision of the company. In addition, Drew will add significant value to Wayside based on his prior experience as a member of the Board of public companies such as SafeNet, Inc. and Howard Bancorp.

Dale Foster further stated, "With Drew's appointment and addition to our management team, we have a strong foundation in place to continue the execution of our strategy to be the premier distributor for emerging data center and cloud-based brands."

"I'm excited to step into the CFO role at Wayside to help the company continue executing its strategic plan, accelerate growth and deliver value to shareholders," said Mr. Clark. "I look forward to working with the entire Climb team to build on the company's recent positive momentum."

Mr. Clark replaces Michael Vesey, who stepped down after 4 years as Wayside Technology Group's Chief Financial Officer.

About Wayside Technology Group

Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added IT channel and solutions company specializing in emerging technologies. Wayside operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Sigma Software Distribution, Grey Matter, Interwork and TechXtend. The Company provides IT distribution and solutions for emerging companies in the Security, Data Management, Cloud, Connectivity, Storage & HCI, Virtualization, and Software & ALM industries.

Additional information can be found by visiting www.waysidetechnology.com.

For Media & PR inquiries contact:
Climb Channel Solutions
Media Relations
media@ClimbCS.com

Investor Relations Contact
Cody Cree or Jackie Keshner
Gateway Investor Relations
1-949-574-3860
WSTG@gatewayir.com

FAQ

Who is the new CFO of Wayside Technology Group?

Drew Clark has been appointed as the new CFO of Wayside Technology Group.

What experience does Drew Clark bring to Wayside Technology Group?

Drew Clark has a strong background in finance and operations, having previously served as COO of Medisolv, Inc.

When did Drew Clark join Wayside Technology Group?

Drew Clark officially joined on June 7, 2021.

What is expected from Drew Clark as the new CFO?

Drew Clark is expected to help accelerate growth and enhance shareholder value at Wayside.

Who did Drew Clark replace as CFO?

Drew Clark replaced Michael Vesey, who stepped down after four years.