HAUPPAUGE, N.Y., Jan. 14, 2016 /PRNewswire/ -- VOXX International
Corporation (NASDAQ: VOXX), today announced that Loriann Shelton, previously Senior Vice
President and Chief Accounting Officer has been appointed to Chief
Operating Officer, effective immediately.
Over her 35-year career, Ms. Shelton has held various leadership
positions within the Finance and Accounting departments, and also
served as Chief Financial Officer of VOXX Electronics Corporation
and VOXX Accessories Corporation, both wholly-owned subsidiaries of
VOXX International Corporation.
In this new role, Ms. Shelton will work closely with the
Company's leadership team, looking at various process improvement
programs to enhance efficiencies among the Company's global
subsidiaries. She will oversee the Corporate Shared Services
Groups, including Accounting, Accounts Payable, Corporate
Compliance, Credit, Customer Service, Display, Human Resources,
Logistics, Operations, and Web Services. Additionally, Ms.
Shelton will continue in her current role as Chief Accounting
Officer, responsible for budgeting, forecasting and management of
VOXX International's Accounting and Credit groups.
Pat Lavelle, President and CEO of
VOXX International added, "Loriann has excelled in every position
she's been in since joining VOXX and her knowledge of our
operations and financials, makes her the perfect fit. As we
continue to expand our global operations and build on our
manufacturing and technology operations, we wanted a leader to help
streamline operations, generate greater collaboration and
efficiencies, and put us in better position to drive growth.
Loriann has the respect of every person who has ever worked with
her and a reputation for being a no non-sense, get-it-done
professional. Under her stewardship, I have every bit of
confidence that our Shared Services teams will also be better
equipped to provide the operational and financial support needed to
drive our performance for years to come."
Ms. Shelton received her Masters of Business Administration
(MBA) in Finance from LIU, CW
Post. She is actively engaged with several charitable
organizations and serves as one of two corporate liaisons with The
American Heart Association. Each year, Ms. Shelton runs the
'Kid Zone', a children's carnival that takes place during the
Annual Heart Walk at Jones Beach in New
York, where she oversees a team of over 150
volunteers.
About VOXX International Corporation
VOXX International Corporation (NASDAQ:VOXX) has grown into a
worldwide leader in many automotive and consumer electronics and
accessories categories, as well as premium high-end audio.
Today, VOXX International Corporation has an extensive distribution
network that includes power retailers, mass merchandisers, 12-volt
specialists and most of the world's leading automotive
manufacturers. The Company has an international footprint in
Europe, Asia, Mexico
and South America, and a growing
portfolio, which now comprises over 30 trusted brands. Among the
key domestic brands are Klipsch®, RCA®, Invision®, Jensen®,
Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®, Car
Connection®, 808®, AR for Her®, and Prestige®. International brands
include Hirschmann Car Communication®, Klipsch®, Jamo®, Energy®,
Mirage®, Mac Audio®, Magnat®, Heco®, Schwaiger®, Oehlbach® and
Incaar™. For additional information, please visit our Web
site at www.voxxintl.com.
Safe Harbor Statement
Except for historical information contained herein,
statements made in this release that would constitute
forward-looking statements may involve certain risks and
uncertainties. All forward-looking statements made in this release
are based on currently available information and the Company
assumes no responsibility to update any such forward-looking
statements. The following factors, among others, may cause actual
results to differ materially from the results suggested in the
forward-looking statements. The factors include, but are not
limited to risks that may result from changes in the Company's
business operations; our ability to keep pace with technological
advances; significant competition in the automotive, premium audio
and consumer accessories businesses; our relationships with key
suppliers and customers; quality and consumer acceptance of newly
introduced products; market volatility; non-availability of
product; excess inventory; price and product competition; new
product introductions; foreign currency fluctuations and concerns
regarding the European debt crisis; restrictive debt covenants; the
possibility that the review of our prior filings by the SEC may
result in changes to our financial statements; and the possibility
that stockholders or regulatory authorities may initiate
proceedings against VOXX International Corporation and/or our
officers and directors as a result of any restatements. Risk
factors associated with our business, including some of the facts
set forth herein, are detailed in the Company's Form 10-K for the
fiscal year ended February 28,
2015.
Company Contact:
Glenn Wiener, President
GW Communications
Tel: 212-786-6011
Email: gwiener@GWCco.com
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SOURCE VOXX International Corporation