PORTLAND, Ore., Nov. 6, 2020 /PRNewswire/ -- Schmitt Industries,
Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") is pleased to
announce the appointment of Philip
Bosco, CPA, as Chief Financial Officer ("CFO") of the
Company, effective December 1,
2020.
"We are excited to welcome Philip to the Schmitt team. Philip
comes with a wide range of financial experience across a diverse
set of industries and companies, including start-ups, turnaround
situations, and established organizations. Philip has a proven
ability to drive financial improvements through his process control
experiences and his strategic and commercial mindset," said
Michael Zapata, Schmitt's CEO.
Mr. Bosco has over 25 years of financial experience with
extensive hands-on experience in wide breadth of industries. Prior
to joining Schmitt, Mr. Bosco served as CFO of Americas for Intega
Group Limited, a publicly held company, with Americas division
generating $200M of revenue and
including 1,100 staff and over 50 offices. Mr. Bosco received a
Bachelor of Science from Marquette
University and his Master of Business Administration from
University of Houston.
"On behalf of the Board, I'd like to thank Jamie Schmidt for his commitment and dedication
to the team as he stepped into the CFO position during a pivotal
phase of Schmitt's transition and growth. Jamie has been critical
in the past year as he has overseen the successful SBS transaction,
the growth and establishment of the Schmitt finance team, and the
successful acquisition of Ample Hills Creamery. Jamie will continue
to serve the company in a corporate development role," stated Mr.
Zapata.
About Schmitt Industries, Inc.
Schmitt Industries, Inc., founded in 1987, designs, manufactures
and sells high precision test and measurement products, solutions
and services through its Acuity® and Xact® product lines. Acuity
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. The Company also owns and operates Ample Hills
Creamery, a beloved ice cream manufacturer and retailer based in
Brooklyn, NY.
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For more information
contact:
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Michael R. Zapata,
President and CEO
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Jamie Schmidt, CFO
and Treasurer
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(503) 227-7908 or
visit our website at www.schmitt-ind.com
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SOURCE Schmitt Industries, Inc.