Business
Duos Technologies Group Appoints Andrew Murphy as Chief Financial Officer
JACKSONVILLE, FL / ACCESSWIRE / November 14, 2022 / Duos Technologies Group, Inc. ("Duos" or the "Company") (Nasdaq:DUOT) through its operating subsidiary
About this update from Duos Technologies Group, Inc.
[{"type":"text","content":"JACKSONVILLE, FL / ACCESSWIRE / November 14, 2022 / Duos Technologies Group, Inc. (\"Duos\" or the \"Company\") (Nasdaq:DUOT) through its operating subsidiary Duos Technologies, Inc., a provider of machine vision and artificial intelligence that analyzes fast moving trains and trucks, today announced the appointment of Andrew Murphy, formerly Company Vice President of Finance, as its new Chief Financial Officer, effective November 15. In conjunction with the Company's succession plan, former CFO Adrian Goldfarb will remain with Duos in a consulting capacity to ensure a smooth transition process and will take on a new position within Duos' newly formed Industry Advisory Group.Murphy will be taking on the CFO role after joining Duos in 2020 to support commercial and financial objectives. He initially served on the commercial team to support new project bids while also further building out the Company's corporate finance strategy. Murphy has over 16 years of accounting and finance experience including spending nearly five years working in the finance and investor relations teams during APR Energy's time listed on the London Stock Exchange. Prior to joining Duos, Murphy held progressively senior finance roles within APR Energy in which he oversaw the pricing & risk management efforts for more than $800 million in new business as well as asset transactions across the globe. Prior to his time with APR, Murphy held roles in corporate accounting as well as public accounting with a focus on tax and business services.\"On behalf of the Duos management team and Board, I would like to formally congratulate Andrew on his appointment to the CFO position,\" said Duos Chief Executive Officer Chuck Ferry. \"Since Andrew joined in 2020, he has been a driving force for our initiatives to improve the financial health of the Company, and his ability to optimize operations through sound financial strategy is unmatched. With his deep knowledge of corporate finance and his considerable leadership experience throughout his previous roles, he is an ideal fit to lead our strategic planning efforts as we execute on our long-term goals of sustained profitability through a growing range of revenue streams.\"Murphy added: \"I appreciate the support from Chuck, Adrian, and our Board in giving me this opportunity to assume the CFO role, and I look forward to co...