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IT Leasing Visionary Bob Necessary Named VeriStor CFO

October 08, 2014, 07:02 AM

VeriStor Systems, an advanced IT solutions provider specializing in virtual infrastructure and enterprise private, public and hybrid cloud services and solutions, today announced that Bob Necessary has been promoted to Chief Financial Officer.

Effective immediately, Necessary will assume the position of CFO, including responsibilities for the continued building and shaping of the company's long-term financial model, accounting systems, internal controls, legal services and merger and acquisition processes. He assumes the new role in addition to his current position as VeriStor Capital's President and CEO.

"With Bob's proven track record of financial leadership and executive vision, I am confident in his continued contributions to VeriStor's success as CFO," said Ashby Lincoln, CEO, VeriStor. "As we rise to our next level of growth, Bob's expertise in financial strategies and operations will be an exceptionally beneficial contribution to our executive team as we guide the future growth of VeriStor. His aptitude, experience and collaborative, results-driven approach make him well-suited to take on this expanded role."

"VeriStor is at a pivotal point in its growth strategy, and I am pleased to take on an expanded role to help the company meet its short- and long-term goals for expansion," said Necessary. "As one of the most trusted solution providers in the industry, VeriStor is unique in its ability to serve customers across the spectrum of storage and virtual infrastructure – from industry-leading physical solutions to next-generation public, private and hybrid cloud services and the technology financing to support them. I look forward to playing a deeper role in VeriStor's future success."

Necessary joined VeriStor in 2010 and has led the inception of VeriStor Capital as the division's President and CEO. Under Necessary's direction, VeriStor Capital has grown to manage a leased customer portfolio of more than a $25 million. Prior to his positions at VeriStor, Necessary was President of Presidio Technology Capital following previous positions as Vice President of Finance and sales management for the company. Necessary also served in financial management roles for Memorex and in corporate banking for what is now Bank of America.

An IT leasing industry visionary, Necessary has conducted numerous seminars for both lessors and lessees on various technology-leasing issues. He has served on the board of directors for The Equipment Leasing and Finance Association (ELFA) and the Mid America Association of Equipment Lessors. He received a BS degree in Industrial Management from Georgia Tech and as MBA from the University of Georgia. 

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