Twin Vee PowerCats has appointed chief executive officer Joseph Visconti to serve as interim chief financial officer (CFO), effective January 9 2026.
Visconti replaces Scott Searles, who served as interim CFO since September 2025 and whose employment terminated on January 9 2026.
Visconti, who has served as CEO and chairman since 2015, will now hold multiple roles as CEO, interim CFO, president and also chairman of the board.
Visconti previously served as president of Twin Vee from 2015 to 2024 and was recently reappointed president in January 2025.
He has more than 25 years’ of executive level operational and financial experience, and was the founder, CEO and president of two previous companies, a regional investment bank that he grew to more than 400 employees and sold in 2000.
Lease agreement
The second company was ValueRich, which transitioned from media related business to Twin Vee PowerCats Inc. in 2015.
Visconti has experience building teams of professionals with a focus on product development and bringing those products to market.
Twin Vee operates under a lease agreement with Visconti Holdings, LLC, an entity owned and controlled by Visconti.
A five-year lease began January 1 2021, and was amended on December 30 2025, converting to a month-to-month arrangement while the parties negotiate a new agreement.
Twin Vee PowerCats currently pays $36,456 monthly plus 6.5% sales and use tax to Visconti Holdings.
