Mallaro takes reins at VGM
By HME News Staff
Updated Wed February 17, 2016
WATERLOO, Iowa - The VGM Group's board of directors has appointed a familiar face to serve as the company's CEO: Mike Mallaro.
Mallaro succeeds VGM founder Van Miller, who passed away unexpectedly in October. Mallaro has been VGM's CFO for the past 15 years.
“Mike has been an integral part of our overall growth as a company,” said Jim Walsh, VGM's general counsel. “He has familiarity and foresight, and we have complete confidence in his ability to lead this company down the path that Van created.”
Walsh had been serving as VGM's interim CEO. In addition to serving as general counsel, he will transition to chairman of the board.
As CFO, Mallaro has been responsible for VGM's financials, business development strategies and executive oversight. He also led the development of the company's employee stock ownership plan.
“I'm looking forward to expanding my role within the company and our industry,” Mallaro said. “Despite its challenges, our industry has an exciting future ahead.”
The board has also chosen Jim Philips, VGM's COO, to serve as president.
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