CSP Inc. announced the promotion of two senior executives. Mike Newbanks has been appointed as Vice President of Finance and Chief Accounting Officer and Gary Southwell has been promoted to Vice President and General Manager of CSPi's High Performance Products (HPP) segment, which includes cybersecurity products. As Vice President and General Manager of the HPP segment, Southwell, who joined CSPi in 2016 as its General Manager will be responsible for the development of advanced cyber threat solutions designed to speed up breach identification while decreasing incident response time. Southwell will report to CEO Victor Dellovo and will lead a team that includes recently hired cybersecurity heavy weights Tim Ober, Chief Technology Architect, and Joe D'Agastino, Director of Worldwide Sales. Prior to joining CSPi in 2016, Southwell founded cyber security solution provider Seceon Networks in 2015. As the Vice President of Finance and Chief Accounting Officer, Newbanks will manage the day-to-day financial operations that are an integral part of the success and profitability of CSPi. His responsibilities will include leading the controllership organization with a focus on financial reporting and controls, and accounting. Newbanks, who will report to Chief Financial Officer Gary Levine, succeeds John Leydon, who will remain on board for a transition period. Prior to his appointment as VP of Finance and CAO, Newbanks served as the U.S. Division Controller of CSPi's Technology Solutions (TS) division since 2003.
CSP Inc. develops and markets information technology (IT) integration solutions, advanced security products, managed information technology services, cloud services, purpose built network adapters, and cluster computer systems. The Company operates through two segments: Technology Solutions (TS) and High Performance Products (HPP). TS focuses on value added reseller (VAR) integrated solutions including third party hardware, software and technical computer related consulting and managed services. TS segment consists of Modcomp, Inc. subsidiary, operates in the United States and the United Kingdom. HPP segment designs, manufactures and delivers products and services to customers that require cyber security services, networking and signal processing products. HPP segment also provides Myricom network adapters for high-performance packet capture and application offloading.
CSP INC. 
