New PR released. New CFO.
TLSS Hires New Chief Financial Officer
January 07, 2022
Industry Veteran Brings Extensive Operational Experience
JUPITER, FL / ACCESSWIRE / January 7, 2022 / Transportation and Logistics Systems, Inc. (OTCQB:TLSS), ("TLSS", or the "Company"), a growing logistics provider, announced today that, effective as of January 3, 2022, Mr. James Giordano (who bears no relation to the Company's new Executive Chairman and Chief Executive Officer Sebastian Giordano) has joined the Company as its new Chief Financial Officer ("CFO") replacing Mr. John Mercadante, who, in addition to his previous roles as Chairman and CEO, also held the CFO title. Mr. Mercadante will continue as a valued member of the Company's Board of Directors. With these new executive management team appointments, the Company believes it is well-positioned to execute on its strategic plans.
According to Mr. Sebastian Giordano, "Given the Company's plans for 2022 and beyond, it is essential that the Company have an experienced, seasoned executive management team in place to execute on its growth strategy and a highly-capable CFO is an absolute imperative. In addition to his proven financial, accounting, and organizational strengths, James has the level of detailed, operational industry experience and ‘roll-up your sleeves' attitude that is really needed for the Company to be successful."
A Certified Public Accountant, Mr. James Giordano has a BS degree in Accounting from Seton Hall University and an MBA in Finance from New York University, Leonard N. Stern Graduate School of Business. After starting his career with Price Waterhouse, working with such clients as Ingersoll Rand, Hartz Mountain, Curtis Wright, and MRC (division of Sony), he joined UBS, the 4th largest private client firm in the US providing asset management, brokerage, and investment banking services, in 1995. Starting in the External Reporting Group and taking roles in Equity Research and Municipal Securities, he quickly progressed with several promotions to Corporate Vice President before leaving in 2001. In 2001, he took a Manager, Finance role at Daiichi Sankyo, Inc., a US subsidiary of Daiichi Sankyo Co. Ltd., a Japan-based pharmaceutical and medicine manufacturing company, and proceeded to grow professionally, rapidly being promoted to Executed Director, Finance, as he supported the business growth from $90M to $2.6B over these same 12 years.
Since 2013, James has been Vice President of Finance for Key Food Stores, a $1.3 billion retail supermarket cooperative with 150 locations in the Tri-State area; Chief Financial Officer of Farren International, a $140 million provider of transportation and rigging services; and Chief Financial Officer of Freight Connections, a privately held provider of LTL and line haul transportation services and warehousing.
