VGM Names New CFO
Rummel will take financial management reins from CEO Mallaro, who had been handling CFO duties on a temporary basis.
- By David Kopf
- Jan 05, 2017
HME buying group and member service organization VGM Group Inc. has appointed Jeff Rummel as its new chief financial officer.
Rummel takes the reins for the position from VGM CEO Mike Mallaro, who had previously held the position, which has been in transition since Mallaro became CEO earlier in 2016.
In the CFO role, Rummel will provide strategic and financial perspectives to business decisions made at VGM.
Bringing more than 25 years’ experience, Rummel joined VGM in 2015, serving as the company’s controller and vice president of accounting. As the lead accounting officer he oversaw VGM’s financial functions such as taxes, investments, and managing external stakeholders, as well as the employee stock ownership plan. Rummel will continue to serve as controller until the transition to a new controller is complete.
“In Jeff’s time at VGM, he has endeavored to understand our various businesses in the depth needed to contribute meaningful counsel,” Mallaro said. “He has overseen our corporate accounting department and its various financial functions and has worked closely with our numerous business units and their leaders to optimize business performance.”
“VGM is a great company with a solid foundation and an exciting future,” Rummel said. “I look forward to continuing my work with our various divisions and expanding my role to be more involved in the future successes of our employee-owned company and the businesses we serve.”
David Kopf is the Publisher and Executive Editor of HME Business and DME Pharmacy magazines. Follow him on Twitter at @postacutenews.