Electronic Theatre Controls (ETC) recently named Mark Veldey as Vice President of Finance. Mr. Veldey will direct the financial strategy of the multi-million dollar international corporation. He joined the company as general counsel in 2002.
As an outside investment banker, Mr. Veley advised ETC on its successful acquisition of Transtechnik Lichtsysteme, Holzkirchen, Germany. After joining ETC, he directed the company's acquisition of AVAB France, IES, and Penko Engineering. CEO Fred Foster said "In his many roles with ETC, Mark has become completely familiar with our business and its culture. His broad set of skills has proved to be very valuable to us."
ETC also is taking steps to have those acquisitions known by one name, ETC. Transtechnik Lichtsysteme and IES will remain as strong brands within the greater ETC company portfolio.