ARI Network Services, Inc. (ARIS.OB) Announces Appointment of New CFO

By @ibtimes on

ARI Network Services, Inc. announced yesterday that Mr. Darin Janecek has been promoted to Chief Financial Officer. Mr. Janecek will be responsible for all financial, compliance, and risk management functions in the organization. He joined ARI as Director of Finance in May 2009 and received a promotion to Vice President of Finance shortly after that. He brings to the position the knowledge and leadership experience he has gained from more than 20 years in finance and accounting.

Prior to joining ARI Network Services, Inc., Mr. Janecek served as Director of Strategic Finance at Johnson Controls, Inc., in Milwaukee. There, he led the group responsible for the financial aspects of acquisitions, divestitures, and other strategic business initiatives.

Prior to Johnson Controls, he held several positions of increasing responsibility in corporate finance and consulting. He primarily specialized in mergers and acquisitions, corporate financial analysis, and financial due diligence. He began his career as an auditor with Deloitte & Touche in Milwaukee, Wisconsin. He is a Certified Public Accountant. He earned a Master’s degree in business administration from Loyola University, Chicago and a Bachelor’s degree in accounting from the University of Wisconsin, Milwaukee.

“We are very pleased to have Darin assume these additional responsibilities and continue his excellent track record of leadership and results that the organization has come to expect from him.” said Roy W. Olivier, President and Chief Executive Officer of ARI Network Services, Inc.

Mr. Olivier further said, “Since joining ARI, Darin has built a highly capable finance organization and has significantly improved both financial and management reporting within the organization. He has helped streamline our processes, instilling a sense of financial discipline within the entire management team.”

Brian Dearing, ARI’s Chairman who served as interim Chief Financial Officer until Mr. Janecek’s promotion, said, “Darin and I have worked together closely since he joined ARI and I have no doubt that I am leaving the role of CFO in very capable hands.”

Mr. Janecek said, “ARI has been both a fun and challenging environment for me, and I believe that the diversity and experience of the management team can take ARI to the next level. We have made great strides thus far and I look forward to continuing to help the organization grow profitability and deliver the tangible value that both our customers and shareholders expect.”

Headquartered in Milwaukee, Wisconsin, ARI Network Services, Inc. is a leading innovator of products and solutions that serve several vertical markets with a focus on the outdoor power, power sports, marine, RV, and appliance segments. Products and services include e-commerce enabled websites, lead generation/lead management services, search engine marketing, and electronic catalogs for whole goods, parts, garments, and accessories.

For more information visit: www.arinet.com

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