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Appointment of Finance Director

27th May 2025 17:33

RNS Number : 2980K
Spectra Systems Corporation
27 May 2025
 

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Appointment of Finance Director

Spectra Systems, a leader in machine-readable high speed banknote authentication, brand protection technologies and gaming security software, is delighted to announce that it has agreed to appoint Kevin Richards as the company's Finance Director, a non-Board position. Mr. Richards is replacing Mr. Spies pursuant to his separation from the company.

Mr. Richards is an experienced accounting and finance professional with over 18 years of experience, which includes public accounting at KPMG, technical accounting, treasury and benefits, and SEC compliance, including preparation of 10-K and 10-Q statements. Mr. Richards also has experience with financial statements under both GAAP and IFRS regulations.

At IBM Mr. Richards provided financial management with a focus on revenue recognition as well as valuation of business combinations, At Linde, in addition to overseeing the accounting operations, Kevin handled SEC reporting as well as consolidation of financial statements of foreign and US subsidiaries.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "I am delighted to welcome Kevin to Spectra Systems and believe that his breadth of experience, particularly in revenue recognition, consolidation of financial statements, and SEC compliance will be of great value to the company."

Enquiries:

 

Spectra Systems Corporation 

Dr. Nabil Lawandy, Chief Executive Officer 

Tel: +1 (0)401 274 4700 

Zeus (Nominated Adviser and Joint Broker)

James Joyce / James Bavister (Investment Banking) 

Fraser Marshall (Corporate Broking) 

 

Allenby Capital Limited (Joint Broker) 

Nick Naylor/James Reeve (Corporate Finance) 

Amrit Nahal (Sales and Corporate Broking)

Tel: +44 (0)20 3829 5000

 

Tel: +44 (0)20 3328 5665 

 

 

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