Permanent CFO:
Effective September 1, 2015 Torvec, Inc. hired Kathleen A. Browne as the Company’s Chief Financial Officer. Prior to this, Ms. Browne had been serving as the Company’s interim Chief Financial and Principal Accounting Officer pursuant to an out-sourcing service arrangement with ProNexus, LLC of Pittsford New York.
Ms. Browne has served as the Chief Financial Officer of U-Vend, Inc. since 2014. From 2007-2014, she was the owner of Browne Consulting, a professional services firm advising early stage public companies on financing and compliance. Ms. Browne is a CPA and received her B.S. from St. John Fisher College in Rochester, N.Y. She spent thirteen years in public accounting at PricewaterhouseCoopers prior to joining the private sector in 1992.
Ms. Browne brings senior executive experience and will provide the Company with the financial, accounting and reporting guidance called upon in the role. Her responsibilities will include the monitoring of business and financial controls, public reporting, system assessment as well as providing guidance in the development of business strategies.
The terms and conditions of Ms. Browne’s engagement are set forth in the exhibits to this Current Report (Form 8-K)
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