DALLAS, Feb. 6, 2014 /PRNewswire/ -- CVSL Inc. [OTCQB: CVSL] announced today that Richard Holt has been named vice president of finance and controller.
Mr. Holt has for the past two and a half years served as chief financial officer at Agel Enterprises, which became part of CVSL last September. He previously spent five years as corporate controller for Raser Technologies, Inc. in Provo, Utah. During a previous stint at Agel, he was instrumental in the early stages of that company's development.
His 13-year experience working at the corporate headquarters of such industry giants as Amway and NuSkin has given him a comprehensive understanding of the financial operations within the micro-enterprise sector. He is a certified public accountant, which he earned while working at Price Waterhouse in Los Angeles. He graduated from the University of Utah with a Masters in Business Administration and a Bachelors degree in accounting.
"Bringing Richard into this key role in CVSL's finance team is another important step as we continue ramping up to grow by acquisition and as we effectively manage the companies within CVSL," said John Rochon Jr., CVSL's vice chairman. "Richard has a strong background in the micro-finance sector and he will be an important part of our finance team's leadership.
"As we continue growing and as additional companies become part of CVSL, we will continue to make sure that we have all the necessary financial controls in place to support our expansion," Mr. Rochon added.
In his new role, Mr. Holt will report to CVSL's chief financial officer, Kelly Kittrell.
CVSL is a growing group of micro-enterprise companies that connect social media networks into an ever-expanding virtual "community" of social commerce. CVSL companies currently include The Longaberger Company, a 40-year old maker of hand-crafted baskets and other home decor items; Your Inspiration At Home, an award-winning maker of hand-crafted spices and other gourmet food items from around the world; Tomboy Tools, a direct seller of tools designed for women as well as home security systems; and Agel Enterprises, a global seller of nutritional products in gel form as well as a skin care line sold under the Ageless™ brand, operating in 40 countries; Paperly, which offers a line of custom stationery and other personalized products; My Secret Kitchen, a U.K.-based seller of gourmet food products; and Golden Girls, which purchases gold and tradable jewelry.
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SOURCE CVSL Inc.