"CBQI" News. CBQ Appoints Paul Naughton as Senior Vice President and Chief
Financial Officer
Business Editors/Hi-Tech Writers
WASHINGTON--(BUSINESS WIRE)--April 26, 2002--CBQ, Inc. (OTCBB:CBQI) today announced that it has appointed Paul F. Naughton as Senior Vice President and Chief Financial Officer of the company.
Naughton served as President, Chief Operating Officer, and Director of Potomac Capital Investment Corporation from 1991 through 1996. He served as Senior Vice President and Chief Financial Officer responsible for all of the accounting, tax reporting, cash management, financing and strategic planning of the company from 1986 until 1991.
Potomac Capital is a subsidiary of Potomac Electric Power Company in Washington, D.C. (NYSE:POM).
Naughton served as Senior Vice President, Finance, Chief Financial Officer and Treasurer of Primark Corporation from 1980 through 1986. He also served as the President, Chief Executive Officer, and Director of Westmark Savings Bank, a wholly owned subsidiary of Primark.
Naughton served as Treasurer of American Natural Resources from 1973 through 1978, and holds an MBA in Finance from St. Johns University.
"Paul Naughton brings over forty years of experience in telecommunications, financial services, energy, consulting, and investment activities to CBQ," said John M. Albertine, President and Chief Executive Officer of CBQ, Inc. "I have worked closely with Paul Naughton for many years, and know that he will bring coherence and integrity to the financial reporting process for CBQ. Apart from Paul's obvious financial management skills, CBQ appreciates his many civic and charitable activities.," Albertine said.
For additional information about the plans of John M. Albertine and CBQ Chairman Bart S. Fisher to develop the management team of CBQ, visit his live audio interview with Wall Street Reporter at www.WallStreetReporter.com.
About CBQ, Inc.
CBQ, Inc. is an end to end E-Business solutions provider, which provides custom software as well as many other web-based solutions. The company also provides information technology outsourcing resources to its clients.
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CONTACT: Albertine Enterprises for CBQ, Inc.
John M. Albertine, 202/659-2979, ext.11
KEYWORD: DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET NETWORKING SOFTWARE MANAGEMENT CHANGES
SOURCE: CBQ, Inc.
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