Newly hired Contegix CFO Michael Wylie said the company has an "entrepreneurial mindset" and has enough resources to compete in a larger market.
Cloud computing and managed hosting company Contegix recently hired a veteran of cable and communications companies, Michael Wylie, as the company's first chief financial officer. The appointment became effective on March 27. Here are the details.
Wylie joins Contegix after serving as CFO at engineering and operational consulting firm Pulse Broadband, a company that focuses on fiber-to-the-home solutions in rural areas. His previous employer had nothing but good things to say about Wylie.
"Mike Wylie is one of the sharpest financial minds in the industry," said Pulse Broadband President and CEO Eric Freesmeier in an email. "His in-depth knowledge of business strategy, operations and finance make him a perfect fit for Contegix."
Wylie has also served as CFO at Broadstripe Cable and chief accounting officer at Suddenlink Communications. He received his M.B.A. from Washington University in St. Louis and B.S. in Accounting from the University of Missouri.
Contegix CEO Matthew Porter said in a prepared statement that Wylie's technology and financial experience align with the company's growth and expansion objectives, as well its reputation.
"I am excited about the prospects of working with the entire Contegix team as we undertake an ambitious growth plan over the next few years," Wylie said via email. "I believe that through our long history and our intense focus on customer service, we are ideally positioned to take advantage of an inflection point in the market for cloud services. My goal as a CFO will be to help to continue to build scalable and best-in-class back office operations, in addition to pursuing opportunities to strategically expand Contegix's footprint, in order to achieve superior results for our customers and shareholders."
The company said in a prepared statement that Wylie will bolster the company's financial planning, forecasting, and reporting. He will also assist with the company's growth goals by raising capital.