March 19, 2012 // Franchising.com // Wellington, Fla. - LED Source®, an international supplier of LED lighting that specializes in full-scale evaluations and retrofits, has announced a new vice president of finance. Josh Tolford brings more than 20 years of experience in financial leadership in the technology, hardware and environmental products sectors to LED Source. He starts with the company this month.
Tolford is a seasoned financial leader with years of experience in financial infrastructure management in diverse corporate settings. Before joining LED Source, Tolford was chief financial officer of international real estate development company Pinnacle Properties, where he provided crucial financial guidance on corporate strategies. He was also chief financial officer of Ameridream, Inc., a non-profit organization that provides assistance to homebuyers. While at Ameridream Tolford was responsible for growth oversight and helped grow program service revenue from $1.4 million to a staggering $200 million in just four years.
“As LED Source looks forward to rapid growth over the next few years, Josh’s extensive background in finance will be an asset to the company,” said Marcel Fairbairn, president and CEO of LED Source. “We are looking forward to having Josh play a key role as the newest member of the LED Source team.”
Tolford, a resident of Boynton Beach, has a bachelor’s degree in marketing and economics from James Madison University and a bachelor’s degree in accounting from Montgomery College.
Founded by Marcel Fairbairn and Gavin Cooper in 2005, Wellington, Fla. based LED Source is North America’s first and only franchisor of LED lighting. The company supplies LED products around the world to commercial office spaces, schools, churches, theaters, art galleries, restaurants and nightclubs, special events, residential and landscape lighting and much more. Fairbairn and Cooper recognized a fast-growing marketplace for LED lighting with boundless potential and as a result have quickly expanded with LED Source offices in Eastern Canada, Toronto, Calgary, Dallas, Lawrence, Kan., Bloomington, Ind., Los Angeles, Urbandale, Iowa, Wichita, Kan., and Tampa. The company expects to sign 30 franchise agreements in 2012 and 70 agreements next year, working towards building a network of 150 total offices by 2015.