Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025
Astronics (NASDAQ: ATRO) has announced the appointment of Nancy L. Hedges as Vice President and Chief Financial Officer, effective January 4, 2025. Hedges, currently serving as Controller and Principal Accounting Officer, will succeed David C. Burney upon his retirement on January 3, 2025.
Hedges joined Astronics in 2014 and brings extensive experience from her previous roles at Dayco, and PricewaterhouseCoopers LLP. She holds a B.S. in Accounting from Canisius University and serves on its Council on Accountancy.
Chairman, President, and CEO Peter J. Gundermann expressed confidence in Hedges' ability to lead the company's financial strategies and improve performance. Burney, who has been with Astronics for 29 years, including nearly 22 as CFO, was credited for his significant contributions to the company's growth from $33 million in sales in 2003 to nearly $800 million today.
Astronics (NASDAQ: ATRO) ha annunciato la nomina di Nancy L. Hedges come Vicepresidente e Direttore Finanziario, con effetto dal 4 gennaio 2025. Hedges, attualmente in carica come Controller e Principal Accounting Officer, succederà a David C. Burney al momento del suo pensionamento il 3 gennaio 2025.
Hedges è entrata a far parte di Astronics nel 2014 e porta con sé una vasta esperienza derivante dai suoi precedenti ruoli in Dayco e PricewaterhouseCoopers LLP. Possiede una laurea triennale in Contabilità presso la Canisius University e fa parte del Consiglio per la Contabilità della stessa università.
Il Presidente e CEO Peter J. Gundermann ha espresso fiducia nella capacità di Hedges di guidare le strategie finanziarie dell'azienda e migliorare le performance. Burney, che è stato con Astronics per 29 anni, di cui quasi 22 come CFO, è stato riconosciuto per il suo significativo contributo alla crescita dell'azienda, passando da 33 milioni di dollari di vendite nel 2003 a quasi 800 milioni di dollari oggi.
Astronics (NASDAQ: ATRO) ha anunciado el nombramiento de Nancy L. Hedges como Vicepresidenta y Directora Financiera, con efecto a partir del 4 de enero de 2025. Hedges, quien actualmente se desempeña como Controladora y Principal Contable, sucederá a David C. Burney al momento de su jubilación el 3 de enero de 2025.
Hedges se unió a Astronics en 2014 y aporta una amplia experiencia de sus roles previos en Dayco y PricewaterhouseCoopers LLP. Tiene una licenciatura en Contabilidad de la Universidad de Canisius y forma parte de su Consejo de Contabilidad.
El Presidente y CEO Peter J. Gundermann expresó confianza en la capacidad de Hedges para liderar las estrategias financieras de la empresa y mejorar el rendimiento. Burney, quien ha estado con Astronics durante 29 años, incluyendo casi 22 como CFO, fue reconocido por sus importantes contribuciones al crecimiento de la empresa, de 33 millones de dólares en ventas en 2003 a casi 800 millones en la actualidad.
Astronics (NASDAQ: ATRO)는 Nancy L. Hedges를 부사장 및 최고재무책임자(CFO)로 임명한다고 발표하였으며, 이는 2025년 1월 4일부터 시행됩니다. 현재 Controller 및 Principal Accounting Officer로 재직 중인 Hedges는 2025년 1월 3일 은퇴하는 David C. Burney의 후계자가 될 것입니다.
Hedges는 2014년에 Astronics에 합류했으며, Dayco와 PricewaterhouseCoopers LLP에서의 경력을 바탕으로 풍부한 경험을 제공합니다. 그녀는 Canisius University에서 회계학 학사 학위를 취득하였으며, 해당 대학교의 회계 자문 위원회에도 참여하고 있습니다.
회장이자 CEO인 Peter J. Gundermann은 Hedges가 회사의 재무 전략을 이끌고 성과를 개선할 수 있는 능력에 대해 신뢰를 표명했습니다. Burney는 29년간 Astronics에 재직했으며 그중 거의 22년은 CFO로서 활동하였고, 2003년 3천3백만 달러의 매출에서 현재 거의 8억 달러로 성장하는 데 중요한 공헌을 한 것으로 인정받았습니다.
Astronics (NASDAQ: ATRO) a annoncé la nomination de Nancy L. Hedges en tant que Vice-présidente et Directrice financière, prenant effet le 4 janvier 2025. Hedges, actuellement Contrôleuse et Responsable de la comptabilité, succédera à David C. Burney à l'occasion de sa retraite le 3 janvier 2025.
Hedges a rejoint Astronics en 2014 et apporte une vaste expérience acquise dans ses précédents postes chez Dayco et PricewaterhouseCoopers LLP. Elle détient un B.S. en comptabilité de l'Université de Canisius et siège au Conseil d'administration de la comptabilité.
Le Président-directeur général Peter J. Gundermann a exprimé sa confiance dans la capacité de Hedges à diriger les stratégies financières de la société et à améliorer les performances. Burney, qui a été avec Astronics pendant 29 ans, dont près de 22 en tant que CFO, a été reconnu pour sa contribution significative à la croissance de l'entreprise, passant de 33 millions de dollars de ventes en 2003 à près de 800 millions de dollars aujourd'hui.
Astronics (NASDAQ: ATRO) hat die Ernennung von Nancy L. Hedges zur Vizepräsidentin und Chief Financial Officer mit Wirkung zum 4. Januar 2025 bekannt gegeben. Hedges, die derzeit als Controller und Principal Accounting Officer tätig ist, wird David C. Burney nach dessen Ruhestand am 3. Januar 2025 nachfolgen.
Hedges trat 2014 in Astronics ein und bringt umfangreiche Erfahrungen aus ihren vorherigen Tätigkeiten bei Dayco und PricewaterhouseCoopers LLP mit. Sie besitzt einen Bachelor-Abschluss in Rechnungswesen von der Canisius University und ist Mitglied des Rechnungslegungsausschusses dieser Universität.
Der Vorsitzende, Präsident und CEO Peter J. Gundermann äußerte Vertrauen in Hedges' Fähigkeit, die finanziellen Strategien des Unternehmens zu leiten und die Leistung zu verbessern. Burney, der seit 29 Jahren bei Astronics ist, davon fast 22 Jahre als CFO, wurde für seinen wesentlichen Beitrag zum Wachstum des Unternehmens von 33 Millionen Dollar Umsatz im Jahr 2003 auf heute fast 800 Millionen Dollar gewürdigt.
- Appointment of experienced internal candidate Nancy L. Hedges as new CFO
- Planned smooth transition in leadership, ensuring continuity
- Company growth from $33 million in sales in 2003 to nearly $800 million today
- None.
To succeed David C.
Peter J. Gundermann, Chairman, President and Chief Executive officer, commented, “Nancy has attained strong command of our financial landscape across the broad range of our business, and has been intimately involved in our financial strategies and recent financing activities. She has an excellent working knowledge of our operations and has established herself as a leader among our team. We expect the upcoming transition to be seamless, as her breadth and depth of experience will enhance our performance initiatives and ensure a continued focus on improving financial performance, generating cash and further strengthening our balance sheet as we move forward.”
Nancy Hedges, CPA, joined Astronics in 2014 as Principal Accounting Officer and Controller. Prior to Astronics, she served as Director of Accounting and External Reporting at Dayco, LLC (formerly Mark IV Industries, Inc.) from May 2008 to November 2014. Ms. Hedges also brings over twelve years of experience at PricewaterhouseCoopers LLP in its Accounting and Business Advisory Services practice where she was a Senior Manager. She graduated cum laude from Canisius University (fka Canisius College) with a B.S. in Accounting and currently serves on Canisius’ Council on Accountancy.
Mr. Gundermann continued, “Dave has been an integral, dedicated member of our executive team for 29 years including nearly 22 as Chief Financial Officer. He actively supported twelve acquisitions and led our finance team as Astronics grew from sales of
Mr.
About Astronics Corporation
Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission-critical industries with proven innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, military branches, completion centers, and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.
For more information on Astronics and its solutions, visit Astronics.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate,” “feeling” or other similar expressions and include all statements with regard to the transition of the Chief Financial Officer position, achieving any revenue or profitability expectations, improving financial performance, generating cash and further strengthening the balance sheet, the execution of opportunities, and the rate of acceleration of the business. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially from what may be stated here include the impact of global pandemics and related governmental and other actions taken in response, the trend in growth with passenger power and connectivity on airplanes, the state of the aerospace and defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes and delivery schedules, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, the impact of regulatory activity and public scrutiny on production rates of a major
View source version on businesswire.com: https://www.businesswire.com/news/home/20241015689257/en/
Company Contact:
David C.
Executive Vice President and CFO
invest@astronics.com
+1.716.805.1599
Investor Contact:
Kei Advisors LLC, An Alliance Advisors Company
Deborah K. Pawlowski
Investor Relations
dpawlowski@keiadvisors.com
+1.716.843.3908
Source: Astronics Corporation
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