Ascent Industries Appoints Bill Steckel as Chief Financial Officer
17 Aprile 2023 - 2:00PM
Business Wire
Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the
“Company”), an industrials company focused on the production and
distribution of industrial tubular products and specialty
chemicals, today announced the appointment of Bill Steckel as chief
financial officer, effective today. He succeeds Aaron Tam, who has
resigned as CFO.
Mr. Steckel brings to Ascent more than two decades of extensive
experience in operational finance, financial planning and analysis
and treasury across a wide range of industries, as well as
expertise in capital markets and M&A. Prior to joining Ascent,
he spent over five years in multiple CFO assignments for
manufacturing, distribution and technology companies. During these
executive assignments, Mr. Steckel was tasked with leading a
variety of transformative efforts, including building out multiple
finance organizations, developing operational metrics to improve
sales and enhance profitability, carving out and restructuring
operating segments, implementing new ERP systems and optimizing
balance sheets.
Mr. Steckel was also executive vice president and CFO at Telular
Corp., a technology leader in IoT solutions for the commercial
telematics, security and home automation markets. Mr. Steckel
previously served as CFO for Great Lakes Dredge & Dock
Corporation (Nasdaq: GLDD), the largest provider of dredging
services in the United States with approximately $1 billion in
revenue during his tenure. In this role, Mr. Steckel led
approximately 70 team members across the finance, IT, and
purchasing departments in achieving significant revenue and EBITDA
growth, while reducing the company’s net debt position. He was also
instrumental in remediating material weaknesses, upgrading
financial reporting processes and executing an acquisition into an
adjacent market sector.
“It is a pleasure to welcome such a seasoned executive like Bill
to the Ascent team,” said Chris Hutter, president and CEO of
Ascent. “Bill brings to our organization a strong operational
mindset and proven track record enhancing finance departments
across both public and private companies, having spent multiple
decades implementing transformative changes that resulted in
significant financial improvements. We look forward to having
Bill’s leadership on our executive team as we continue down our
path toward sustainable profitable growth to deliver long-term
shareholder value.”
Mr. Steckel commented on his appointment: “Having watched the
significant progress Ascent has made since Ben and Chris took helm
of the organization, I am pleased to have the opportunity to play
an integral role in continuing to build upon the foundation they
have laid. I look forward to hitting the ground running at Ascent
as we navigate strategic decisions to best position the Company for
long-term success and outstanding operating performance.”
Mr. Steckel is a Certified Public Accountant (Inactive) and
holds a Master of Business Administration from Western Illinois
University. Additionally, Mr. Steckel has served on the board of
directors for Daystar Technologies (formerly Nasdaq: DSTI) and
Densei-Lambda KK (formerly TYO: 6917.T).
About Ascent Industries
Co.
Ascent Industries Co. (Nasdaq: ACNT) is a company that engages
in a number of diverse business activities including the production
of stainless steel and galvanized pipe and tube, the master
distribution of seamless carbon pipe and tube, and the production
of specialty chemicals. For more information about Ascent, please
visit its web site at www.ascentco.com.
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Company Contact Bill Steckel
Chief Financial Officer 1-630-884-9181
Investor Relations Cody
Slach and Cody Cree Gateway Group, Inc. 1-949-574-3860
ACNT@gatewayir.com
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