Tsakos Energy Navigation Appoints Virgilio D. Torres as CFO to Boost Financial Operations
- Virgilio D. Torres appointed as CFO of TEN Holdings to enhance financial operations starting June 30, 2025.
- Torres brings extensive experience in corporate finance, mergers, acquisitions, and compliance to strengthen TEN Holdings' financial foundation.
- TEN Holdings aims for sustained growth and increased shareholder value through strategic leadership and operational efficiency.
Strategic Leadership Transition at TEN Holdings to Enhance Financial Operations
TEN Holdings, Inc., a key player in the event planning, production, and broadcasting industries, announces the appointment of Virgilio D. Torres as Chief Financial Officer, effective June 30, 2025. With a robust background in corporate finance, Torres is poised to bring significant expertise that aligns with TEN Holdings’ strategic objectives. His previous role as Vice President of Finance at Obsess Inc. saw him leading financial strategies, managing debt financing, and guiding the company through a successful acquisition. This experience positions him well to strengthen TEN Holdings’ financial foundation as it continues to navigate the complex landscape of its industry.
Torres’s extensive experience includes developing revenue recognition frameworks and implementing accounting systems that meet GAAP compliance across multiple audits. His tenure as Senior Manager of Corporate Finance and Strategy at Exactera LLC further underscores his capabilities, where he oversaw mergers and acquisitions and capital-raising efforts while managing annual budgets and forecasts. With over five years in investment banking, Torres executed complex financial transactions, including high-yield and investment-grade bonds for M&A, providing him with a comprehensive understanding of the financial mechanisms crucial for a company like TEN Holdings.
Randy Jones, CEO of TEN Holdings, expresses confidence in Torres’s ability to elevate the company’s reputation within the investment community. He emphasizes that Torres's skills in corporate finance and capital raising will be vital for supporting the company’s strategic goals and future acquisition efforts. Torres, in turn, conveys enthusiasm about joining TEN Holdings, looking forward to leveraging his financial operations expertise to drive strategic growth initiatives. This leadership transition is not just about a change in personnel; it is a strategic move aimed at positioning TEN Holdings for sustained growth and increased shareholder value as it pursues its future endeavors in the event planning and broadcasting sectors.
In addition to the leadership change, TEN Holdings continues to focus on enhancing its operational efficiency and market presence. The company’s commitment to innovative practices in event planning and production positions it favorably within a competitive industry. As the company prepares for its next phase of growth, the integration of Torres's financial acumen is expected to play a crucial role in optimizing its financial strategies.
Overall, the appointment of Torres is a significant development for TEN Holdings, reflecting its commitment to strengthening its financial operations and enhancing its strategic positioning in the marketplace. With a focus on growth and innovation, the company is well-prepared to tackle the challenges ahead in the dynamic event planning and broadcasting sectors.