FARMINGTON HILLS, Mich., May 20, 2013 /PRNewswire/ -- Danlaw, Inc. (DANLAW), a global provider of vehicle telematics solutions, automotive electronics and embedded engineering services, announced today the appointment of Jim Street as its new Chief Financial Officer (CFO). Reporting directly to DANLAW's Chief Executive Officer, Raju Dandu, Street brings deep experience with securing equity investments and funding sources, as well as managing the financial strength of fast-growing public and private companies to DANLAW's explosive growth and expansion activities.
Street comes to Danlaw with a strong background in financial management, business model development and multi-national accounting and controls expertise. Street's thirty-five years of financial management experience with high-tech alternative energy start-up companies and automotive OEMs in Michigan, will help to guide and propel Danlaw's growth and global expansion.
"Jim has demonstrated success in helping to build great businesses for more than thirty-five years and has led the finance organizations of many successful private and public companies," said Tom Rzeznik, President of DANLAW. "He also understands how to manage the growth and global expansion of high technology businesses, which is key to helping manage DANLAW's explosive growth. We are very excited for him to help take DANLAW through the next phase of its growth initiatives."
Before joining the company, Street was the VP of Finance for ALTe which was engaged in the business of designing, developing and installing complete hybrid-electric powertrains into fleet applications with forecast of $2.5 Billion annual revenue. Street served in senior financial management positions with Ford Motor Company, Mazda Motors (USA) and BBK, Inc. a business advisor and restructuring company, providing financial and operational oversight to multi-billion dollar business interests within these companies.
While at Ford and Mazda, Street led the finance effort for several national labor negotiations. During his time at BBK, he led several major companies through successful restructuring initiatives. Street earned his Bachelor of Arts in Accounting from Michigan State University, and his Masters of Business Administration from Wayne State University.
Danlaw's 300+ engineering professionals have been providing cloud-based, connected vehicle telematics solutions and embedded electronics to OEM's and their Tier-1 supply base for over 29 years. Danlaw has global reach with facilities in the USA, UK, India and China. Danlaw's specialty areas include telematics, infotainment, vehicle network communications, embedded systems development, testing and manufacturing. Their customers include automotive insurance and fleet companies, automotive OEMs and suppliers, worldwide.
For more product information: www.danlawinc.com
SOURCE Danlaw, Inc.