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DZS appoints Brian Chesnut as Chief Accounting Officer. Brian brings 15 years of accounting leadership experience from global private and public companies. His role involves overseeing all corporate accounting functions, reporting, governance, and internal controls. The appointment aims to strengthen financial operations to support DZS' mission of delivering broadband networking and AI-driven cloud software solutions.
DZS nomina Brian Chesnut come Responsabile della Contabilità. Brian porta con sé 15 anni di esperienza in ruoli di leadership contabile in aziende private e pubbliche a livello globale. Il suo ruolo include la supervisione di tutte le funzioni contabili aziendali, la redazione di rapporti, la governance e i controlli interni. L'obiettivo della nomina è rafforzare le operazioni finanziarie per supportare la missione di DZS di fornire soluzioni di rete broadband e software cloud guidato dall'intelligenza artificiale.
DZS designa a Brian Chesnut como Director de Contabilidad. Brian aporta 15 años de experiencia en liderazgo contable de compañías privadas y públicas a nivel global. Su rol consiste en supervisar todas las funciones contables corporativas, la elaboración de informes, la gobernanza y los controles internos. El nombramiento tiene como objetivo fortalecer las operaciones financieras para apoyar la misión de DZS de entregar soluciones de software en la nube impulsado por IA y redes de banda ancha.
DZS가 브라이언 체스넛을 최고 회계 책임자로 임명했습니다. 브라이언은 전 세계의 민간 및 공공 회사에서 15년간의 회계 리더십 경험을 가지고 있습니다. 그의 역할은 모든 기업 회계 기능, 보고, 거버넌스 및 내부 통제를 감독하는 것을 포함합니다. 이 임명은 DZS의 광대역 네트워킹 솔루션과 AI 주도 클라우드 소프트웨어 솔루션 제공이라는 미션을 지원하기 위해 재무 운영을 강화하는 것을 목표로 합니다.
DZS nomme Brian Chesnut au poste de Directeur de la Comptabilité. Brian apporte 15 ans d'expérience en leadership comptable auprès d'entreprises privées et publiques à l'échelle mondiale. Son rôle consiste à superviser toutes les fonctions comptables de l'entreprise, la production de rapports, la gouvernance et les contrôles internes. La nomination vise à renforcer les opérations financières pour soutenir la mission de DZS de fournir des solutions de réseautage à large bande et des logiciels cloud pilotés par l'IA.
DZS ernennt Brian Chesnut zum Chief Accounting Officer. Brian bringt 15 Jahre Erfahrung in Führungspositionen im Rechnungswesen von globalen privaten und öffentlichen Unternehmen mit. Seine Rolle umfasst die Überwachung aller unternehmensweiten Buchhaltungsfunktionen, Berichterstattung, Governance und interne Kontrollen. Die Ernennung zielt darauf ab, die Finanzoperationen zu stärken, um die Mission von DZS zu unterstützen, Breitbandnetzwerklösungen und von KI angetriebene Cloud-Softwarelösungen zu liefern.
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DALLAS, April 22, 2024 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced that Brian Chesnut has been appointed as the company’s Chief Accounting Officer (CAO), reporting directly to Chief Financial Officer (CFO), Misty Kawecki. Mr. Chesnut will be responsible for working closely with the CFO, senior leadership and the company’s new independent public accounting firm, BDO USA, overseeing all corporate accounting functions including reporting, governance and internal controls.
“The leadership team and Board of Directors recognized the importance of making this critical role part of our senior management team as we are more committed than ever to improving internal controls, accounting processes and corporate governance,” said Kawecki. “Brian brings a wealth of accounting expertise and leadership from an impressively wide range of global private and public companies including Big Four accounting firms and has a proven track record of navigating even the most complex of financial environments. Brian’s deep knowledge and strategic insights will strengthen our financial operations and support DZS’ mission to deliver cutting-edge broadband networking and AI-driven cloud software solutions.”
Mr. Chesnut is an accomplished executive who brings to DZS nearly 15 years of accounting leadership experience. Before joining DZS, Mr. Chesnut was the Vice President and Head of Corporate Accounting for Continental Battery Systems, where he helped manage $1 billion in revenue for the company’s U.S. and Canadian divisions, led a successful Enterprise Resource Planning (ERP) implementation to combine seven legacy companies and established internal controls to improve financial statement reporting. Mr. Chesnut also served in various senior management roles with several public companies including Jacobs Engineering, where he designed and implemented a consolidation process to improve reporting on $1.5 billion in revenue from Jacobs’ joint ventures.
"I am thrilled to join DZS during such a pivotal time in the company’s history,” said Mr. Chesnut. “Charlie Vogt and the leadership team have laid out a clear vision for how the company will differentiate itself from the competition through continued innovation and a customer-first entrepreneurial approach. I look forward to working with the DZS team across the world to not only meet but exceed our financial goals and build on recent critical strides DZS has made to bolster its financial standing.”
Mr. Chesnut joins DZS following several strategic transactions including securing $25 million of working capital through a private placement of DZS common stock and a term loan and the divestiture of the company’s lower margin Asia business, which eliminated $43 million of debt and raised an additional $5 million.
DZS Inc. (Nasdaq: DZSI) is a global leader of broadband networking and AI-driven cloud software solutions.
DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s SEC filings available at www.sec.gov, including without limitation, the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason.
Who has been appointed as Chief Accounting Officer by DZS?
Brian Chesnut has been appointed as the Chief Accounting Officer by DZS.
Who will Brian Chesnut report to in his new role?
Brian Chesnut will report directly to Misty Kawecki, the Chief Financial Officer (CFO) of DZS.
What is Brian Chesnut's background in accounting?
Brian Chesnut brings nearly 15 years of accounting leadership experience from global private and public companies.
What are the responsibilities of Brian Chesnut as the Chief Accounting Officer?
Brian Chesnut will oversee all corporate accounting functions, reporting, governance, and internal controls at DZS.
What recent strategic transactions has DZS been involved in?
DZS recently secured $25 million of working capital through a private placement of common stock and a term loan, and divested its lower margin Asia business to eliminate debt and raise additional funds.
dzs inc. provides network access solutions and communications platforms for service provider and enterprise networks in the united states, canada, latin america, europe, the middle east, africa, korea, and other asia pacific countries. it offers broadband access products, including customer premise equipment, such as digital subscriber line (dsl) modems; ethernet access demarcation devices; and gigabit passive optical network (gpon) and 10g point-to-point active ethernet optical network terminals. the company also provides central office products, such as broadband loop carriers for dsl and voice-grade telephone service; dsl access multiplexers (dslams); optical line terminals for passive optical distribution networks like gpons; and 10g passive optical networks and 10g point-to-point active ethernet. in addition, it offers ethernet switching products; mobile backhaul products comprising standard ethernet/ip or multiprotocol label switching interfaces; software defined networks and net
