10.10.2012

New CFO for Bronto parent

Bronto Skylift owner Federal Signal has appointed Braden Waverley as interim chief financial officer, replacing Bill Barker, who is leaving the company to join Trustwave as its chief financial officer.

Prior to working with Federal Signal Waverley served as executive chairman of CombineNet, he has over 20 years of operations and general management experience, including global executive management responsibilities with Dell and Motorola.

Federal Signal's chief executive Dennis Martin said: "During the last year, Braden provided the company with invaluable advice and support as a consultant on strategic alternatives for the intelligent transportation division, Federal Signal Technologies, which was sold to 3M last month. Braden played an integral role in managing the sale process, including interfacing with potential acquirers, capital markets participants and multiple operating functions inside the company. We are delighted that he has agreed to continue to serve as a consultant in this key leadership position while we conduct a search for a permanent chief financial officer."

"It is in the clear interest of our stockholders and team members to explore all options for this critical role. We are fortunate to have someone of Braden's abilities to fill this role while we conduct this important search. I want to thank Bill Barker for his significant contributions to Federal Signal since joining the Company in 2008 and to wish him continued success in his new role with Trustwave. Bill was critical to the company's successful refinancing efforts earlier this year and oversaw a number of other important initiatives that helped strengthen the company's balance sheet.”