Schmitt Industries Announces CFO Appointment
October 23 2019 - 8:19AM
Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or
“Schmitt”) is pleased to announce the appointment of Regina
(“Gina”) Walker, CPA ("Ms. Walker"), as Chief Financial Officer
(“CFO”) of the Company, effective immediately.
“I am excited to welcome Gina to the Schmitt team. Her unique
experiences ranging from founding and growing companies, to
implementing improved processes and cost controls, to overseeing
all aspects of financial reporting will serve the Company and
shareholders well. Most of all, her performance-driven philosophy
aligns with Schmitt’s shift to a strong performance-based culture,
and her reputation for execution and results makes her the right
choice to lead our financial organization,” said Michael Zapata,
Schmitt’s CEO. “She is joining us at an ideal time and I’m
confident she will help us navigate our current transition and our
future growth plans.”
Ms. Walker has over 20 years of experience - including 10 years
with PwC, LLP accounting firm - with extensive hands-on experience
in diverse industries, including industrial manufacturing,
construction, retail and consumer products and entertainment in
Fortune 500 publicly traded and mid-cap privately held companies.
Prior to joining Schmitt, Ms. Walker served as CFO of TEC
Equipment, Inc, a privately held $900M revenue company, where she
was instrumental in leading growth and transformation to include
acquisitions and strategy. Ms. Walker received a Bachelor of
Commerce from the University of Alberta and a Post-Baccalaureate
Accounting Certificate from Portland State University.
Ms. Walker will work closely with Ann Ferguson, who previously
submitted her resignation, effective November 30, 2019, to ensure a
smooth transition. “On behalf of the Board, I’d like to thank Ann
for her commitment to Schmitt these past six years. We greatly
appreciate Ann’s years of service and are grateful for her
dedication in working with Gina to ensure a seamless transition,”
stated Mr. Zapata.
About Schmitt Industries
Schmitt Industries, Inc. (“Schmitt” or the “Company”) designs,
manufactures and sells high precision test and measurement
products, solutions and services through our SBS®, Acuity® and
Xact® product lines, which are reported in two business segments.
In the Balancer segment, our SBS product line provides
computer-controlled vibration detection, balancing and process
control systems for the worldwide machine tool industry. In the
Measurement segment, our Acuity line provides laser and white light
sensor distance measurement and dimensional sizing products, and
our Xact line provides ultrasonic-based remote tank monitoring
products and related monitoring revenues for markets in the
Internet of Things environment.
For more information contact: |
Michael R. Zapata, Chairman and Chief Executive Officer(503)
227-7908 or visit our web site at www.schmitt-ind.com |
Schmitt Industries (NASDAQ:SMIT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Schmitt Industries (NASDAQ:SMIT)
Historical Stock Chart
From Apr 2023 to Apr 2024