CVSL is a growing group of micro-enterprise companies that connect social media networks into an ever-expanding virtual community of social commerce, and it has just named Richard Holt as VP of finance and controller.
Holt has for the past two and a half years served as CFO at Agel Enterprises, which became part of CVSL last September. He previously spent five years as corporate controller for Raser Technologies in Provo, Utah. During a previous stint at Agel, he was instrumental in the early stages of that company's development.
His 13-year experience includes stints at the corporate headquarters of Amway and NuSkin. He is a certified public accountant, which he earned while working at Price Waterhouse in Los Angeles. He graduated from the University of Utah with a master’s in business administration and a bachelor’s degree in accounting.
"Bringing Richard into this key role in CVSL's finance team is another important step as we continue ramping up to grow by acquisition and as we effectively manage the companies within CVSL," said John Rochon Jr., CVSL's vice chairman. "Richard has a strong background in the micro-finance sector and he will be an important part of our finance team's leadership.
"As we continue growing and as additional companies become part of CVSL, we will continue to make sure that we have all the necessary financial controls in place to support our expansion," Rochon added.
In his new role, Mr. Holt will report to CVSL's chief financial officer, Kelly Kittrell.
CVSL companies currently include the Longaberger Company, a 40-year old maker of hand-crafted baskets and other home décor items; Your Inspiration At Home, a maker of hand-crafted spices and other gourmet food items from around the world; Tomboy Tools, a direct seller of tools designed for women as well as home security systems; and Agel Enterprises, a global seller of nutritional products in gel form as well as a skin care line sold under the Ageless brand, operating in 40 countries; Paperly, which offers a line of custom stationery and other personalized products; My Secret Kitchen, a United Kingdom-based seller of gourmet food products; and Golden Girls, which purchases gold and tradable jewelry.