James M. Rallo, a member of Washington and Lee's Class of 1988, was honored last week when the Tech Council of Maryland named him its CFO of the Year during TCM's 25th Annual Tech Awards Celebration.
Since 2005, Jim has served as chief financial officer and treasurer of Liquidity Services, which is based in Washington D.C. and offers online auction marketplaces for surplus, salvage and scrap assets in the U.S.
According to a story about the awards, Jim won recognition for "his strong financial leadership through his company's tremendous growth, managing the organization through mergers and significant expansion of its staff." The report went on to note that since Jim joined the company, Liquidity Services has acquired nine companies in the U.S., Canada, Asia and Europe, and has increased sales more than 10 times and profits more than 20 times.
Before he joined Liquidity Services, Jim served as CFO and treasurer of Sleep Services of America Inc. and vice president of Deutsche Banc Alex. Brown's Healthcare Investment Banking Group.
In addition to his W&L degree, Jim holds an M.B.A. from the University of Maryland. Earlier this month, Jim joined classmate and co-chair Baker Gentry to present the Class of 1988's 25th reunion gift of $2 million to W&L during the Generals' Assembly in Lee Chapel.