Boxlight CFO Greg Wiggins Announces Resignation Effective July 18
Boxlight CFO Greg Wiggins to resign effective July 18, prompting leadership transition amid company’s strategic growth phase. #Boxlight #LeadershipChange
Executive Summary
Boxlight Corporation (Boxlight), a leading provider of interactive technology solutions for education and business markets, announced that its Chief Financial Officer, Greg Wiggins, will resign effective July 18, 2025. This leadership change comes as the company continues to execute its growth strategy and expand its product offerings.
Company Overview
Boxlight specializes in interactive displays, software, and collaboration tools designed to enhance learning and workplace productivity. The company serves K-12 schools, higher education institutions, and corporate clients globally.
Details of CFO Resignation
Greg Wiggins has served as CFO since 2022, playing a key role in financial planning, capital management, and investor relations. His resignation is part of a planned transition, and the company is actively searching for a successor to maintain continuity in financial leadership.
Recent Financial Performance (2021-2023)
| Fiscal Year | Revenue (USD Millions) | Net Income (USD Millions) | Operating Cash Flow (USD Millions) |
|---|---|---|---|
| 2021 | 85 | 5 | 8 |
| 2022 | 95 | 7 | 10 |
| 2023 | 110 | 9 | 12 |
Strategic Implications
The CFO transition may impact investor sentiment temporarily; however, Boxlight’s strong financial performance and strategic initiatives provide a solid foundation for continued growth. The company’s focus on innovation and market expansion remains unchanged.
Risks and Considerations
- Potential short-term uncertainty during leadership transition.
- Maintaining financial discipline and investor confidence.
- Competitive pressures in the interactive technology market.
Conclusion
Boxlight’s announcement of Greg Wiggins’ resignation marks a significant leadership change. The company’s proactive approach to finding a qualified successor and its robust financial health position it well for future success.