BIO-key International, Inc., a leading developer of advanced finger-based biometric identification solutions, recently announced the appointment of Cecilia Welch as the company’s vice president and chief financial officer, replacing chairman Tom Colatosti, who had been serving as the interim chief financial officer.
Previously serving as BIO-key International’s corporate controller since 2007, Ms. Welch has more than 20 years of financial management experience in the technology industry. Prior to her role at BIO-key, Ms. Welch held the position of controller for other leading technology-based companies, including Savaje Technologies, Crystal Systems and ATN Microwave (acquired by Agilent Technologies). Ms. Welch earned her Bachelor’s degree in accounting from Franklin Pierce University in Rindge, New Hampshire.
“I am delighted to have Ceci join the management team,” stated BIO-key’s chief executive officer, Mike Depasquale. “She has done an outstanding job these past three years in improving the quality of our internal controls; improving the consistency and timeliness of our accounting, filings and reporting; and providing quality financial analysis of our business.” Mr. Depasquale continued, “She was instrumental in leading our complex efforts in supporting our recent refinancing and divestiture. Ceci has all the skills and dedication to help us move forward to fully build out our biometrics business.”