KVH Industries appoints new CFO

MIDDLETOWN, R.I. -- Satellite communications company KVH Industries Inc. said Wednesday that it has appointed Peter Rendall as its new chief financial officer.

He replaces Patrick Spratt, who is retiring after more than a decade with the company. Spratt will continue to work for KVH through a short transition period and then as a consultant.

Rendall worked most recently as consulting chief financial officer at information technology recruiting firm JobSmart Partners.

Shares of KVH, which is based in Middletown, R.I., increased 26 cents to $14.02 by midday.