Vertex appoints CEO David DeStefano to additional role of Board Chairman alongside Ric Andersen as Lead Independent Director

– USA, PA –  Vertex, Inc. today announced the appointment of president and CEO David DeStefano to serve as Board Chairman, succeeding Jeff Westphal who will continue to serve as a member of the Vertex board.

In addition, the board of directors also appointed Ric Andersen as Lead Independent Director, effective immediately. Ric has over 25 years of consulting and management experience at IBM, Price Waterhouse and PwC Consulting. His last 15 years have been spent in private equity. Andersen is currently a managing partner at Peak Equity, a Philadelphia-based private equity firm.

“This decision underscores the board’s confidence in David’s character and vision to take Vertex into the future as president and CEO, as well as chairperson of the board,” noted Board member, Ric Andersen.

“I am proud of our leadership, our people, and what we’ve accomplished together,” said Westphal. “I’ve known and worked very closely with David for many years and am confident he will do a fantastic job leading the Vertex board.”

DeStefano was appointed as president and CEO in 2016. Under his leadership, the company has experienced significant growth and expansion of its global operations.

“It’s an honor to be appointed to this position,” said DeStefano. “I thank the board for their partnership and continued support for me in this new role.”

About Vertex

Vertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of indirect tax, including sales and consumer use, value-added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex is a privately held company that employs over 1,100 professionals and serves companies across the globe.

For more information: https://www.vertexinc.com

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.