With William Cole, CFO and executive vice-president of RMG Networks Holding Corporation [1] retiring effective November 28, 2014, as previously announced [2], on November 14, 2014, RMG has entered into a letter agreement with Pillar Solutions Group LLC [3]pursuant to which Pillar will provide consulting services to the Company typical of the those needed for the CFO role, and Kent Van Houten, a consulting managing director of Pillar, will serve as the Company’s Interim CFO, effective November 28, 2014.
The Company has commenced a search for a permanent replacement for the CFO position.
Van Houten, age 62, has served as consulting managing director of Pillar since November, 2014. Prior to that, he was controller for TSC Acquisitions, from May, 2014, to September, 2014, and receivership and resolution specialist with the Federal Deposit Insurance Corporation from May 2010 to May 2014. Prior to that time, Van Houten has served various functions and titles encompassing Chief Financial Officer and Vice President Finance & Accounts in SEC-registered companies from 1995 through 2009. Such companies were Peerless Mfg. Co., Telynx, Inc., Aegis Communications Group, Inc., and Entech Solar. Inc.