\BIO-key International, a provider of finger-based biometric identification solutions, announced the appointment of Cecilia "Ceci" Welch as VP and CFO. Welch replaces Tom Colatosti, BIO-key's Chairman, who had been acting as interim CFO.
Welch joined BIO-key in 2007 and has served since then as the company's Corporate Controller. Welch has more than 20 years of operational and financial management experience in the technology industry. Prior to joining BIO-key, she was controller for Savaje Technologies, Crystal Systems and ATN Microwave (acquired by Agilent Technologies). Welch holds a bachelor's degree in accounting from Franklin Pierce University.
"I am delighted to have Ceci join the management team," said Mike Depasquale, CEO of BIO-key. "She has done an outstanding job these past three years in improving the quality of our internal controls; improving the consistency and timeliness of our accounting, filings and reporting; and providing quality financial analysis of our business. She was instrumental in leading our complex efforts in supporting our recent refinancing and divestiture. Ceci has all the skills and dedication to help us move forward to fully build out our biometrics business."