The financial aspects of magicJack VocalTec's business will be overseen by a new individual. The company announced that Jose Gordo has been given the nod to be its chief financial officer. He replaces Peter Russo, who will remain with the firm as a consultant.

Gordo joined magicJack VocalTec earlier this year. Prior to his time at the company, he was a co-founder of the privately held investment firm Southcap Partners, and earlier, served as partner at the law office of Akerman Senterfitt.

In the press release announcing the appointment, magicJack VocalTec quoted its CEO Gerald Vento as saying of Gordo that "his operational skill set and financial acumen will be extremely valuable to the company as we enter our next stage of growth."

The article MagicJack VocalTec Appoints New CFO originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in magicJack VocalTec. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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