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EDGEWATER NAMES INTERIM CFO Featured

Paul McNeice, Edgewater TechnologyEdgewater Technology, slated to become part of Alithya this year, has named Paul McNeice, the company’s chief accounting officer, as interim CFO. He replaces CFO Timothy Oakes whose resignation was effective April 13.

McNeice joined the company in 2010 and became VP of finance in 2013 and moved into his current office last year. The company also issued an amendment to its Form 10-K to list compensation for named executives for 2017 as it does not intend to issue a proxy. Chairman and interim president and CEO Jeffrey Rutherford received $444,205 last year. Rutherford came into office last year when a group of investors beat a slate of directors backed by management and dismissed three executives in 2017. That trio included former CEO Shirley Singleton who received $1.6 million. She received $1.46 million in non-equity incentive compensation that was part of her negotiated severance. Also dismissed with former chief technology officer, David Clancy, who received $1.4 million. Of that amount most was also severance. Later, the company let go Robin Ranzal, formerly president of Edgewater Ranzal, the company’s Oracle arm. She received $796,660 in her last year with the company. Oakes got $419,241 in his last year. McNeice, a named executive for the first time, received $246,707 in compensation. Russell Smith, president of Edgewater Fullscope and still with the company, received $646,929. Kristin Zaepfel, VP of human resources, was paid $264,851. 

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