• July 5, 2020

Vertex Appoints David DeStefano to Board Chairperson - Odessa American: News

e-Edition Subscribe

Vertex Appoints David DeStefano to Board Chairperson

Print
Font Size:
Default font size
Larger font size

Posted: Monday, June 29, 2020 4:13 pm | Updated: 4:33 pm, Mon Jun 29, 2020.

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Jun 29, 2020--

Vertex, Inc. announced today that its board of directors has appointed president and CEO David DeStefano to serve as chairman of the board. Jeff Westphal, current chairperson, will continue to serve as a member of the Vertex board.

“I am proud of our leadership, our people, and what we’ve accomplished together,” said Westphal. “I’ve known and worked very closely with David for many years and am confident he will do a fantastic job leading the Vertex board.”

DeStefano was appointed as president and CEO in 2016. Under his leadership, the company has experienced significant growth and expansion of its global operations.

“This decision underscores the board’s confidence in David’s character and vision to take Vertex into the future as president and CEO, as well as chairperson of the board,” noted director Ric Andersen.

“It’s an honor to be appointed to this position,” said DeStefano. “I thank the board for their partnership and continued support for me in this new role.”

In addition, the board of directors also appointed Andersen as lead independent director, effective immediately. He has over 25 years of consulting and management experience at IBM, Price Waterhouse and PwC Consulting. His last 15 years have been spent in private equity. Andersen is currently a managing partner at Peak Equity, a Philadelphia-based private equity firm.

The Vertex board will continue to support management in areas related to long-term strategy, risk and governance.

About Vertex

Vertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex is a privately held company that employs over 1,100 professionals and serves companies across the globe.

For more information, visit www.vertexinc.com or follow on Twitter and LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200629005831/en/

CONTACT: Tricia Schafer-Petrecz

Vertex, Inc.

tricia.schafer-petrecz@vertexinc.com

484.595.6142

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: TECHNOLOGY OTHER RETAIL FINANCE OTHER TECHNOLOGY ACCOUNTING PROFESSIONAL SERVICES SOFTWARE SUPPLY CHAIN MANAGEMENT RETAIL OTHER PROFESSIONAL SERVICES

SOURCE: Vertex, Inc.

Copyright Business Wire 2020.

PUB: 06/29/2020 05:13 PM/DISC: 06/29/2020 05:13 PM

http://www.businesswire.com/news/home/20200629005831/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Sunny
76°
Humidity: 55%
Winds: E at 13mph
Feels Like: 76°

Your Extended Forecast

Tomorrow

weather
High 101°/Low 71°
Partly cloudy, chance of a thunderstorm. Highs 99 to 103F and lows in the low 70s.

monday

weather
High 98°/Low 72°
A few clouds. Highs in the upper 90s and lows in the low 70s.

tuesday

weather
High 98°/Low 74°
More sun than clouds. Highs in the upper 90s and lows in the mid 70s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.