Boston, MA 03/27/2014 (wallstreetpr) – Shrewsbury-based Wayside Technology Group, Inc. (NASDAQ:WSTG) has announced the appointment of Bill Botti as the company’s next executive president, effective of April 21, 2014. Botti comes into the helm with 30 years of experience having worked in different companies under different capacities.
Botti joins a company that has no debt and continuing to enjoy good levels of profitability in the industry. It waits to be seen what he will be offering to the company in terms of growth, the company currently pays a dividend yield of 4.33%. Increasing the company’s gross margin could be a starter, to ensure the company’s net income growth is accelerated to desirable levels.
Botti achievements
His appointments demonstrates Wayside Technology Group, Inc. (NASDAQ:WSTG)’s ambition of ensuring robust growth in sales. Botti is seen as the right guy to lead the company to greater heights in terms of sales having achieved the same in other companies. Prior to his appointment, Botti served as the president of North American sale’s Veem software.
Wayside’s new executive vice president is accredited to have overseen a growth of 700% In Arrow ECS’s technology, where he held the position of chief financial officer. Prior to working at Arrow, Mr. Botti had also formed one and was leading three other companies, which under his leadership enjoyed impressive growth as well as high levels of profitability. Botti has also chaired a number reseller and distribution councils.
What Awaits Botti at Way side
Mr. Botti joins a company that has room for improvement in business operations, net income and sales, which continue to show huge potentials but growing at a slower pace. The company registered a mere 1% sales growth in 2013, something that Botti is expected to provide the best solution, sooner than later, having expansive experience in this field.
Wayside Technology Group, Inc. (NASDAQ:WSTG) on its fourth quarter and full year results highlighted that it expects its gross margins as well as discounts and rebates for the year to be under pressure. This should be another big challenge that the new executive vice president will need to address, in conjunction with his entire management team.
