Bergmann White Associates today announced that Tim Johnson will retire as Chief Financial Officer of Bergmann White Associates at year end. Matthew J. Ping, Bergmann White Associates’ Corporate Controller, will succeed Mr. Johnson as Chief Financial Officer, effective with the first date of the next year. Mr. Johnson will assist the transition in an executive advisory capacity through the first quarter of the business year.

“Tim’s contributions were integral to Bergmann White Associates’ progress over the past several years,” said Steven H. Lang, Chief Executive Officer of Bergmann White Associates. “In addition to enhancing the company’s capital structure, he ensured a focus on business momentum while reducing expenses across the firm. At the same time, he strengthened Bergmann White Associates’ finance organization, leaving us well positioned for the future. We thank him for his dedication and I am personally grateful for the counsel he provided to me when I joined the company earlier this year.”

As CFO since, Mr. Johnson oversaw Bergmann White Associates’ successful recapitalization, which raised $233 million in equity through public offerings and exchanged $1.1 billion of interest bearing debt.

Mr. Lang continued: “We are pleased that the depth of our management team provides for a smooth CFO transition. Matt is a respected leader with comprehensive knowledge of the company and its finances. I am confident that in his new role he will continue to bring significant value to the organization.”

As CFO, Mr. Ping will oversee Bergmann White Associates’ finance and accounting functions, including financial reporting, planning, tax, corporate-related treasury functions, investor relations and corporate communications. As a member of the executive management team, he will work across the organization to continue to strengthen financial processes and optimize value for the company.

Via EPR Network
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