Vicor Announces Changes In Its Finance Department
Vicor Corp. announced that Mark A. Glazer, Chief Financial Officer, Treasurer and Secretary has transitioned to the position of Vice President of Treasury Services. In his new role, Glazer will focus on the development of the company’s business units to facilitate achievement of the financial goals and objectives of each unit. The company will begin a search for a new Chief Financial Officer and structure its finance organization to best service the needs of each unit.
Richard J. Nagel, Jr., Vice President, Chief Accounting Officer, will assume the role of Interim Chief Financial Officer. Both Glazer and Nagel will report directly to Patrizio Vinciarelli, Vicor’s Chief Executive Officer.
Vinciarelli commented, "By enabling Mark to focus on business unit development, we are taking a step to facilitate the growth of independent entities with synergistic business plans."