FedBid Appoints Jim Spencer as CFO, Basil Gray as Sales & Defense VP

FedBid logoFedBid has appointed Jim Spencer, former chief financial officer of iBiquity Digital Corporation, as CFO and executive vice president while Basil Gray, former Gray Areas president and CEO, was named vice president for sales and defense.

The online reverse auction marketplace operator said Monday Spencer will head the company’s financial and accounting operations under his new role.

“We are pleased to have Jim join our leadership team, ” said FedBid CEO Joe Jordan, a former Office of the Federal Procurement Policy administrator who was promoted to his current role at FedBid in January 2015.

Joe Jordan
Joe Jordan

“As we continue to develop and expand our core businesses and customer base overall, his experience working with growth firms as well as having led finance and operations functions with several different companies will help shape our path forward, ” he added.

Spencer also served as CFO,  secretary and treasurer at Allion Healthcare and worked as an investment banker at Thomas Weisel Partners, Credit Suisse First Boston and Alex. Brown and Sons.

Gray will oversee FedBid’s defense sector sales group and work to foster relationships with clients from the U.S. Army, U.S. Navy, U.S. Air Force and U.S. National Guard.

At Gray Areas, he managed the consulting practice’s work with organizations, companies and investors to optimize operations and performance.

He also worked at Lone Star Aerospace as VP for the National Capitol Region, at PwC as director of the global public advisory sector and at PRTM Management Consultants as a principal.

The 27-year Navy veteran also served as head of the Defense Contract Management Command, director of contracts at the Space and Naval Warfare Systems Command and a commanding officer of the Naval Regional Contracting Center based in Singapore.

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