Voxx names Loriann Shelton as CFO, extends CEO’s employment agreement

Voxx announced that it has extended the employment agreement of CEO Pat Lavelle through February 28, 2025. The company also disclosed upcoming changes to its executive leadership and board of directors which will take effect on March 1, 2024, the start of Fiscal Year 2025. The company is pleased to announce that Loriann Shelton, who currently serves as Senior Vice President and CO, will also become CFO effective March 1, 2024. Shelton will also retain her current responsibilities as COO. She will replace Michael Stoehr, Senior Vice President and CFO, who has admirably served as CFO for over 40 years. Stoehr will be staying with VOXX, but as of March 1, 2024, will transition to the role of Senior Vice President and Treasurer, continuing to support banking relationships, M&A activities, cash management, insurance and companywide product procurement.