Larson Named Global Treasury Systems VP/Treasurer; Industry Veteran to Bolster Treasury and Liquidity Management Software Solution

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Brad Larson, a 30-year veteran of the global and domestic treasury sector, has joined Chesapeake System Solutions, Inc. and its subsidiary company--Global Treasury Systems--as Vice President and Treasurer.

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Global Treasury Systems is a subsidiary company of Chesapeake System Solutions, Inc.

“(Brad's) tremendous expertise will further expand our cash and liquidity management and strengthen our corporate position while helping us to enhance our products and services in the treasury sector.” -- Peter Vogelberger, Chesapeake CEO

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Chesapeake System Solutions, Inc.—a premier provider of financial software solutions—is pleased to announce that Brad Larson has joined the company as Vice President and Treasurer of Global Treasury Systems, a Chesapeake subsidiary company.

In his new role, Larson will employ his 30 years of global and domestic treasury experience to support and enhance the treasury operations for Chesapeake and Global Treasury Systems. His primary responsibilities will include budgeting and forecasting, maintaining relationships with financial partners, debt and investment management, capital structure overview, and oversight of the company’s financial and risk controls.

In addition, Larson will work very closely on the continued development of the company’s SmartTreasury® product—a complete, end-to-end, automated treasury workstation system that offers decision makers a comprehensive view of cash flow.

Prior to joining Chesapeake, Larson held top treasury roles at iconic brands like Payless ShoeSource, PetSmart, and Claire’s Stores. Larson holds the Certified Treasury Professional (CTP) certification, a benchmark of competency in the finance profession that is recognized as the leading credential in corporate treasury worldwide. In addition to his reputation as an innovator of treasury processes, Larson is a popular speaker at national financial conferences and actively participates in several national Treasury industry groups. He has served on the Board of Directors of the Association for Financial Professionals (AFP), as well as many industry advisory boards and panels.

“It is a great pleasure to have a recognized industry veteran like Brad Larson join our company,” said Peter Vogelberger, Chesapeake President and CEO. “His tremendous expertise will serve a dual purpose for Chesapeake and Global Treasury Systems. One one hand, we have added his global treasury experience, which will further expand our cash and liquidity management and strengthen our corporate position. On the other hand, we have a seasoned professional that can help us to enhance our products and services in the treasury sector.”

For 20 years, Chesapeake has helped national and international organizations of every size improve productivity, lower costs, and document compliance with regulatory requirements. For more information, visit http://www.chessys.com or call 410-356-6805.

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About Chesapeake System Solutions, Inc.
Chesapeake System Solutions is an industry leader in providing integrated software solutions that simplify the complexities of financial and treasury management operations. Headquartered in Birmingham, with offices in Baltimore, Chicago, Dallas, and Seattle, Chesapeake provides integrated financial governance, risk management, and compliance solutions to the world’s foremost enterprises. Chesapeake’s integrated suite of software solutions brings visibility and control to the processes of balance sheet reconciliation, risk management, and compliance, while intuitive design features simplify financial data reporting, workflow management, financial oversight, and close. For nearly 20 years, Chesapeake’s applications have helped national and international organizations of every size improve productivity, lower costs, and document compliance with Sarbanes-Oxley, PCI Standards, and other regulations. For more information about Chesapeake and its solutions, please visit http://www.chessys.com or call 410-356-6805.

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Rick Ostopowicz
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