We see a big uptick in the technology industry, particularly with respect to network, communications, and health products.
New York, NY (PRWEB) May 18, 2012
Choice Logistics, Inc., the leading provider of critical service parts logistics, announced today that Mike Beck, Executive Vice President and Chief Financial Officer (CFO), was one of three financial executives invited to participate in the Bank of America Merrill Lynch 2012 CFO Outlook Spring Update Webcast, which is now publicly available for viewing. Beck was part of a select panel asked to discuss the results of the banks’ latest CFO Outlook survey.
“We see a big uptick in the technology industry, particularly with respect to network, communications, and health products,” Beck answered in response to questions regarding optimism in the economy. “2011 was an excellent year for Choice Logistics, and 2012 has started off very well.”
Beck’s invitation to participate in the panel stemmed from the respect he has earned in the financial community and the fiscal discipline he has implemented to ensure Choice Logistics maintains a strong balance sheet, even as it expands global operations and business development. Beck identified the need for more technology talent as Choice Logistics advances its self-service Internet application and other information systems to increase efficiencies and add capabilities for its high-tech clients.
Conducted by Granite Research Consulting, the CFO Outlook helps Bank of America Merrill Lynch better understand how financial executives view the economy. The results are compiled from more than 250 interviews with CFOs, finance directors and other executives selected randomly from U.S. companies with annual revenues between $25 million and $2 billion.
The panel discussion was led by Laura Whitley, Head of Global Commercial Banking, and included Beck, Mark Sturgeon, CFO of Advanced Drainage Systems in Columbus, OH, and Bob Gallagher, CFO of Classified Ventures in Chicago, IL. The three financial executives provided examples of opportunities and challenges in their particular markets, which are all considered bellwethers to the larger economy. The Video-On-Demand Webcast was made available to more than 200,000 Bank of America associates around the world immediately upon its release, and it is now available for public viewing at http://www.bankofamerica.com/cfooutlook.
About Mike Beck
Mike Beck is Executive Vice President and Chief Financial Officer for Choice Logistics, where he is responsible for all financial planning and accounting, including establishment and maintenance of fiscal controls. He actively maintains relationships with lending institutions, shareholders, and the general business community. Beck oversees administrative operations and is a member of Choice Logistics’ Executive Advisory Board. Prior to joining the company in 1979, Beck practiced as a public accountant. He is a graduate of Baruch College, The City University of New York, with a degree in public accounting and business administration.
About Choice Logistics
Choice Logistics provides customized logistics solutions that enable global technology manufacturers, value-added resellers, and third-party service organizations to meet the high-availability requirements of their customers. Its global network of strategic stocking locations, linked by dependable transportation solutions, a unified technology platform, and a performance-driven culture, turns time-critical systems support into premium service offerings that generate profitable revenues, build solid reputations, and strengthen customer relationships. To learn why service-driven companies such as Avaya, Bayer Healthcare, Canon, Cisco, Cox Communications, Dell, EMC, and Pendum trust Choice Logistics as their service parts logistics partner, call 1-800-593-2108, or visit http://www.choicelogistics.com.