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updated: 10/9/2012 10:06 AM

Federal Signal appoints Waverly as interim CFO

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Oak Brook-based Federal Signal Corporation has appointment of Braden Waverley as the interim chief financial officer.

Waverley will replace Bill Barker, who is departing the company to join Trustwave as its chief financial officer.

"During the last year, Braden provided the Company with invaluable advice and support as a consultant on strategic alternatives for the intelligent transportation division, Federal Signal Technologies, which was sold to the 3M Company last month," said Dennis Martin, Federal Signal's president and chief executive officer. "Braden played an integral role in managing the sale process, including interfacing with potential acquirers, capital markets participants and multiple operating functions inside the Company. We are delighted that Braden has agreed to continue to serve as a consultant to the Company in this key leadership position while we conduct a search for a permanent chief financial officer."

Prior to joining Federal Signal in a consulting capacity last year, Waverley served as Executive Chairman of CombineNet Inc. and was an investor and adviser to multiple, early stage companies. His capital markets experience ranges from private equity and venture capital to public markets. Waverley has over twenty years of operations and general management experience, including global executive management responsibilities with Dell Inc. and Motorola. Waverley holds a master's degree in business administration from Northwestern University's Kellogg School of Management and a bachelor's degree from the University of Wisconsin at Madison.

The company is conducting an external search for a permanent replacement.

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