Return to search

Cardonne Named Berliner CFO

Raymond Cardonne Jr. has joined Berliner Communications Inc. (OTC BB: BERL) as chief financial officer. He previously was CFO of Refac Optical Group and, in the past, has worked at both Technology Management & Funding LP and NEPA Venture Funds.

 

PRESS RELEASE
Berliner Communications, Inc. (OTC Bulletin Board: BERL) (“Berliner”) today announced the appointment of Raymond A. Cardonne, Jr. as its new Chief Financial Officer.

 

Mr. Cardonne brings substantial public company experience to Berliner, serving for seven years as Chief Financial Officer to Refac Optical Group, a then AMEX-listed retail optical chain with over 500 locations and $175 million in sales. At Refac, Mr. Cardonne was responsible for managing all financial functions, including accounting, financial reporting, treasury, budgeting and investor relations. Mr. Cardonne also has extensive merger, acquisition and divestiture experience, and substantial business and management experience to supplement his strong finance background.

 

Prior to joining Berliner and Refac, Mr. Cardonne was a Vice President of Corporate Development at Technology Management & Funding, L.P., a limited partnership formed to create and develop early stage technology-based companies. Mr. Cardonne also worked for NEPA Venture Funds, an early-stage venture capital firm. Mr. Cardonne received his Bachelor of Science degree and Masters of Business Administration from Lehigh University.

 

Rich Berliner, commenting on the new hire, said, “I am pleased to welcome Ray to our management team. I believe Ray is the perfect fit for us, as his strong finance, management and business background complements our existing strengths. His high energy level and commitment to work hard, coupled with real-world merger and acquisition experience, is precisely what we need to continue our aggressive growth strategy. Ray will be charged with continuing to improve our financial controls and implement the most efficient technological solutions to streamline our financial reporting procedures.”

 

Mr. Cardonne stated, “I am very excited to be joining the outstanding team at Berliner in this record breaking period of growth. The Company has a terrific reputation and culture, which is driven by the dedication and capability of its people. I look forward to working with the team to enhance the supporting infrastructure to handle the growth while simultaneously developing financial strategies to execute on new opportunities.”

 

Mr. Berliner complimented outgoing Chief Financial Officer, Al Gencarella, stating, “Ray will be taking over an excellent Finance Department team, and for that I would like to thank our departing CFO, Al Gencarella. Since Al started as our CFO over a year ago, I have been impressed by his tireless dedication to the company, and his unwavering commitment to integrity and doing the right thing. We wish him all the best as he moves on to pursue other endeavors.”

 

About Berliner Communications, Inc.

Berliner Communications, Inc. and its wholly owned operating subsidiary, BCI Communications, Inc., are headquartered in Elmwood Park, New Jersey. BCI is an end-to-end provider of outsourced services for the wireless communications industry, including planning, deployment and management of network build-outs. BCI provides wireless carriers with comprehensive real estate site acquisition and zoning services, radio frequency and network design and engineering, infrastructure equipment construction and installation, radio transmission base station modification and project management services. For more information about Berliner's services, please visit http://www.bcisites.com .