Standex has announced the creation of a chief operating officer position at the company, with current financial officer Thomas DeByle receiving a promotion to the new post.
As a result of the promotion, Ademir Sarcevic will join the company to fill the now vacated CFO position, leaving his job as senior vice president and chief accounting officer at Pentair plc.
Both appointments will be effective from September 9, with Standex president and CEO David Dunbar commenting: “We are excited to announce these two significant management appointments which further position us to achieve our long-term goals for growth and profitability by leveraging our Value Creation System, scaling our growing businesses and continuing our portfolio transformation.
“Tom is uniquely qualified for this new role given his depth of knowledge of the Company, strategic insights and commitment to delivering results,”
He added: “I am delighted to welcome Ademir to our leadership team. With over two decades of financial management experience in industrial businesses and demonstrated leadership ability, he will play an essential role as we build Standex into a focused industrial operating company.”
In his new role, Mr. DeByle will focus on implementing Standex’s strategic priorities and driving operational performance in the company’s business segments.
Prior to joining Standex, DeByle held senior level financial management positions at diversified industrial manufacturing companies including Ingersoll Rand, Actuant Corporation and Johnson Controls.
Mr. Sarcevic’s responsibilities will include external reporting, financial planning and analysis, treasury, tax, internal audit, information technology and risk management.
His past empolyers include Pentair plc, Eisai Inc. and Tyco International.
Foodservice Equipment is one of five broad business segments in which Standex operates, with the others being Engineering Technologies, Engraving, Electronics, and Hydraulics.