New CFO appointed as Marquis steps down after long tenure

  • Singing Machine CFO Lionel Marquis has retired
  • Richard Perez named as new CFO
  • Marquis had been with the company since 2008
  • Perez joined Singing Machine in May as controller

Singing Machine, the Fort Lauderdale-based maker of karaoke products, has announced the retirement of CFO Lionel Marquis. Marquis, who had been with the company since 2008, officially stepped down on December 31. In his place, Singing Machine has named Richard Perez as the new CFO, effective January 3. Perez joined the company in May as controller and brings with him a wealth of experience from previous roles at companies such as Spring Footwear and True Grade.

Public Companies: Singing Machine ()
Private Companies: undefined, undefined
Key People: Lionel Marquis (CFO), Richard Perez (Chief Financial Officer)

Factuality Level: 8
Justification: The article provides factual information about the appointment of Richard Perez as the new CFO of Singing Machine, as well as the retirement of the previous CFO Lionel Marquis. The information is straightforward and does not contain any irrelevant or misleading details. The article is concise and does not include any bias or personal perspective. However, it lacks additional context or analysis about the company or the significance of the appointment, which prevents it from being a 10 in factuality level.

Noise Level: 7
Justification: The article provides basic information about the appointment of Richard Perez as the new CFO of Singing Machine. However, it lacks any analysis or insights into the long-term trends or consequences of this decision. It also does not provide any evidence or data to support its claims. Overall, the article is short and lacks depth, making it closer to noise level 7.

Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to a change in the financial leadership of Singing Machine, a maker of karaoke products. This change may have implications for the company’s financial performance and strategy.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses a change in the financial leadership of Singing Machine, which is relevant to financial topics. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com