Champion Investments Announces New Chief Financial and Compliance Officer
Champion Investments, Inc. (CHAM OTC: PK), a publicly-traded corporation that anticipates to be treated as a Business Development Company, is announcing the addition of Mr. Desmonde C.A. Cowdery as Chief Financial Officer to the executive management team.
Mr. Cowdery brings over 30 years of financial management experience in both public and private companies, as well as a specialization in financial management of private equity-backed businesses, entrepreneurial and emerging growth companies and international multi-location public companies.
From 2006 to 2012, Mr. Cowdery was the Chief Financial Officer for Wilson-Mohr Inc., a multi-location value-added distributor of industrial control and automation equipment based in Houston, Texas. Through a combination of five strategic acquisitions and organic growth, he expanded the firm’s annual sales from $15 million to over $60 million.
Prior to this, from 2001 to 2006 and 2012 to 2014, Mr. Cowdery was the Founder and President of D&R Associates, a strategic CFO consultancy that specialized in assisting enterprises in such transitional change periods as high growth situations, mergers & acquisitions and turnaround situations. From 1997 to 2001, Mr. Cowdery was the CFO of a regional homebuilder, Royce, Homes, in Houston and an international oilfield drilling services organization with operations in South America. He established over $50 million in credit facilities and implemented an innovative off-balance sheet model home financing program that released over $1.0 million of cash flow.
From 1994-1997, Mr. Cowdery was the Chief Financial Officer of Isotag, LLC, an early-stage entity in the liquid processing industry. During this period, he raised over $4 million of capital from investors. From 1988 to 1994, Mr. Cowdery held two positions at Inchcape Testing Services Inc., the US- subsidiary of a London-based FTSE-100 public company, including Regional CFO/Americas, and General Manager of Latin American Operations. His leadership led to an aggressive M&A program, valued at $20 million.
Prior to this, from 1978 to 1988, Mr. Cowdery held various posts at Geosource, Inc. and its successor company, Moorco International, in the accounting and finance departments. As Morocco’s Treasurer, he help execute a $125 million leveraged buy-out of the manufacturing assets from Geosource. Senior debt was reduced by 45% and a successful IPO was implemented.
For more information please contact:
Dr. Kerri Shomette, Vice President, Investor Relations email: firstname.lastname@example.org Telephone: 832.369.1008