SF Managing Director Gary Hayes Elected to CED Board of Directors

CED Selects Officers and Board of Directors Members

Durham, N.C., June 2012—CED, the Southeast’s largest entrepreneurial support organization, today announced the officers and members elected to its Board of Directors for terms beginning July 1, 2012. Nominations to the Board of Directors were approved by the full CED Board of Directors at the May 2012 meeting.

Eric Linsley, managing partner at Pappas Ventures, remains Chair of the Board, and David Spitz, president and COO at Channel Advisor, remains Chair-elect. Helga Leftwich, partner at Hutchison Law Group, was elected Secretary, and David Hood, audit partner at Ernst & Young, was elected Treasurer. All officers serve one-year terms.

Members of CED’s Board of Directors serve two-year terms. The seven newly elected members are: Larry Bettino, general partner, StarVest Partners; Glen Caplan, shareholder, Robinson Bradshaw; Bob Geolas, president and CEO, RTP Foundation; Gary Hayes, Managing Director, Scale Finance LLC; Nick Jordan, founder and managing director, Smashing Boxes; Giles Shih, CEO, BioResource International; and Craig Stone, CEO, HireNetworks.

Returning to CED’s Board of Directors for a second consecutive two-year term are: Kyle Breischaft, Emergency Technologies; Lee Buck, BlueBright Ventures; Kent Christison, K & L Gates; Joe Colopy, Bronto Software; John Crumpler, Hatteras Venture Partners; Mike Elliott, Noro-Moseley Partners; Vipin Garg, Tranzyme Pharma; Jonathan Gindes, Affinergy; Collin Hill, Cherry Bekaert & Holland; John Kerr, York Commercial Properties; R. Brooks Malone, III, Hughes, Pittman & Gupton; Chris Matton, Bandwidth.com; David Rizzo, NCIDEA; Laura Robinette, PwC; David Routh, Bank of America; Chip Royce, Lenovo; Lori Spivey, Financial Directions Group; Teresa Spangler, PlazaBridge Group; Alan Spurgin, Square 1 Bank; Wright Steenrod, Chrysalis Ventures; Rob Tyler, Poyner Spruill; and Rik Vandevenne, River Cities Capital Funds.

 About CED
CED’s mission is to identify, enable and promote emerging growth companies and to accelerate the entrepreneurial culture of the Research Triangle and North Carolina.

About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, Wilmington, Washington D.C. and South Florida with a team of more than 30 professionals serving more than 100 companies throughout the region.