XRS promotes Weber to CFO

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Updated Oct 12, 2012

XRS Corp., a provider of mobile fleet optimization software, announced the promotion and appointment of Michael Weber to chief financial officer, effective immediately. Weber brings more than 25 years of finance expertise to his new role, with five years as a member of XRS’ finance team. Most recently, he served as XRS’ vice president of finance, responsible for corporatewide financial planning and analysis, management of all Securities and Exchange Commission and management reporting functions, and leading the day‐to‐day financial operations while focusing on process improvements throughout the organization.

XRS said that during Weber’s tenure at the company, he has been instrumental in leading the acquisition and integration of two key acquisitions, GeoLogic Solutions Inc. and Turnpike Global Technologies, resulting in subscriptions in excess of 114,000 and significant improvement to the company’s strategic positioning in the trucking industry.

“Mike has been an integral part of our team since he joined XRS in 2007, and he has more than demonstrated his ability to lead our company’s financial operations,” said Jay Coughlan, chairman and chief executive officer. “His skill set will be invaluable as we transition XRS from a hardware‐centric platform to our new mobile application format. We are pleased to promote Mike and know his financial and strategic expertise will help ensure that XRS remains on a strong path to meet our customers’ and investors’ expectations.”

Prior to joining XRS, Weber held the role of director of compliance and external reporting, controller at CNS Inc. from 2001 to 2007. From 1999 to 2001, he held several key financial roles at Schwan’s Sales Enterprises Inc.