Colonial Parking Announces New Chief Financial Officer

Colonial Parking, the area's largest parking operator, today announced the appointment of David C. Souders to the position of Vice President Finance and Control and Chief Financial Officer, effective immediately.
"Dave is a versatile, experienced finance executive with strong roots in the greater Washington DC area. His expertise with varied business environments will provide a solid foundation for our future growth," said Andrew C. Blair, President and Chief Executive Officer. "We are very pleased to have him on board."

Most recently employed by Gate Gourmet, Inc., a northern Virginia-based $500M company, Mr. Souders' career includes over 17 years of experience with private and publicly-held companies focusing on strategic planning, business process design, , budgeting, forecasting and benchmarking, taxation, and treasury functions. Prior to his tenure at Gate Gourmet, he served as the CFO of BOWA Builders, Inc. for nearly five years.

As a key contributor to Colonial's Executive Team, Mr. Souders will be responsible for all financial aspects of Colonial Parking, including accounting oversight, financial reporting and analysis, and budgeting.  He will be the point of contact for all outside accounting and advisory firms, and will report directly to Mr. Blair.

Said Blair, "With the addition of Dave to our leadership team, Colonial will be better positioned to ensure that our products and services not only continue to lead the industry, but also address the ever-changing needs of our clients.  His proven leadership skills, strong track record and hands-on approach will further strengthen our management team, and we look forward to benefiting from his broad knowledge."

Mr. Souders holds a B.S. in Accounting from Virginia Tech and a Masters of Business Administration from Hood College, and is a Certified Public Accountant licensed in the state of Maryland.  He is an active member of the American Institute of Certified Public Accountants and the Maryland Association of Certified Public Accountants.

About Colonial Parking

Colonial Parking, Inc. is a full-service parking management company offering operating, managing, controlling, designing, and parking advisory services.  Founded in 1953, Colonial is the largest local parking operator with a portfolio of more than 250 facilities containing over 100,000 parking spaces in DC, Suburban Maryland and Northern Virginia as well as Baltimore, Maryland.
Colonial Parking
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