Espey Mfg. & Electronics Corp. Announces Retirement of Chief Financial Officer and Treasurer and Appointment of New Principal Financial Officer and Treasurer
Espey Mfg. & Electronics Corp. (NYSE American: ESP) has announced key leadership changes in its financial team. Katrina Sparano, who served as Chief Financial Officer and Treasurer for 20 years, retired effective February 15, 2025. During her tenure, the company achieved record profitability and substantial growth.
Kaitlyn O'Neil has been appointed as the new Principal Financial Officer and Treasurer. O'Neil, a Certified Public Accountant with over 10 years of financial leadership experience, joined the company on January 6, 2025. Her previous roles include Finance Director at Octo Telematics North America and various finance positions at Precisely Holdings. She also worked as Senior Audit Associate at KPMG LLP.
Espey, primarily focused on developing specialized military and industrial power supplies/transformers, views these changes as strategic for continued business growth and success.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) ha annunciato importanti cambiamenti nella leadership del suo team finanziario. Katrina Sparano, che ha ricoperto il ruolo di Chief Financial Officer e Tesoriere per 20 anni, si è ritirata con effetto dal 15 febbraio 2025. Durante il suo mandato, l'azienda ha raggiunto una redditività record e una crescita significativa.
Kaitlyn O'Neil è stata nominata nuova Principal Financial Officer e Tesoriere. O'Neil, un Revisore Contabile Certificato con oltre 10 anni di esperienza nella leadership finanziaria, è entrata a far parte dell'azienda il 6 gennaio 2025. I suoi ruoli precedenti includono Direttore Finanziario presso Octo Telematics North America e varie posizioni finanziarie presso Precisely Holdings. Ha anche lavorato come Senior Audit Associate presso KPMG LLP.
Espey, focalizzata principalmente sullo sviluppo di alimentatori/trasformatori militari e industriali specializzati, considera questi cambiamenti strategici per la continua crescita e il successo dell'attività.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) ha anunciado cambios clave en el liderazgo de su equipo financiero. Katrina Sparano, que se desempeñó como Directora Financiera y Tesorera durante 20 años, se retiró a partir del 15 de febrero de 2025. Durante su mandato, la empresa logró una rentabilidad récord y un crecimiento sustancial.
Kaitlyn O'Neil ha sido nombrada nueva Directora Financiera Principal y Tesorera. O'Neil, Contadora Pública Certificada con más de 10 años de experiencia en liderazgo financiero, se unió a la empresa el 6 de enero de 2025. Sus roles anteriores incluyen Directora de Finanzas en Octo Telematics North America y varios puestos financieros en Precisely Holdings. También trabajó como Asociada de Auditoría Senior en KPMG LLP.
Espey, centrada principalmente en el desarrollo de fuentes de alimentación/transformadores militares e industriales especializados, considera estos cambios como estratégicos para el crecimiento y éxito continuo del negocio.
Espey Mfg. & Electronics Corp. (NYSE American: ESP)는 금융 팀의 주요 리더십 변화를 발표했습니다. Katrina Sparano는 20년간 최고 재무 책임자 및 재무 담당자로 재직한 후 2025년 2월 15일부로 은퇴합니다. 그녀의 재임 기간 동안 회사는 기록적인 수익성과 상당한 성장을 달성했습니다.
Kaitlyn O'Neil이 새로운 수석 재무 책임자 및 재무 담당자로 임명되었습니다. O'Neil은 10년 이상의 재무 리더십 경험을 가진 공인 회계사로, 2025년 1월 6일에 회사에 합류했습니다. 그녀의 이전 역할에는 Octo Telematics North America의 재무 이사와 Precisely Holdings의 다양한 재무 직책이 포함됩니다. 또한 KPMG LLP에서 수석 감사원으로 근무했습니다.
Espey는 주로 전문 군사 및 산업 전원 공급 장치/변압기를 개발하는 데 중점을 두고 있으며, 이러한 변화를 지속적인 비즈니스 성장과 성공을 위한 전략으로 보고 있습니다.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) a annoncé des changements clés dans la direction de son équipe financière. Katrina Sparano, qui a occupé le poste de Directrice Financière et Trésorière pendant 20 ans, a pris sa retraite à compter du 15 février 2025. Pendant son mandat, l'entreprise a atteint une rentabilité record et une croissance substantielle.
Kaitlyn O'Neil a été nommée nouvelle Directrice Financière Principale et Trésorière. O'Neil, experte-comptable certifiée avec plus de 10 ans d'expérience en leadership financier, a rejoint l'entreprise le 6 janvier 2025. Ses précédents postes incluent Directrice Financière chez Octo Telematics North America et divers postes financiers chez Precisely Holdings. Elle a également travaillé en tant qu'Associée Senior en Audit chez KPMG LLP.
Espey, principalement axée sur le développement de sources d'alimentation/transformateurs militaires et industriels spécialisés, considère ces changements comme stratégiques pour la croissance et le succès continus de l'entreprise.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) hat bedeutende Veränderungen in der Führung seines Finanzteams angekündigt. Katrina Sparano, die 20 Jahre lang als Chief Financial Officer und Schatzmeisterin tätig war, tritt am 15. Februar 2025 in den Ruhestand. Während ihrer Amtszeit erzielte das Unternehmen eine Rekordrentabilität und erhebliches Wachstum.
Kaitlyn O'Neil wurde zur neuen Principal Financial Officer und Schatzmeisterin ernannt. O'Neil, eine zertifizierte Wirtschaftsprüferin mit über 10 Jahren Erfahrung in der finanziellen Führung, trat am 6. Januar 2025 in das Unternehmen ein. Zu ihren früheren Positionen gehören die Finanzdirektorin bei Octo Telematics North America und verschiedene Finanzpositionen bei Precisely Holdings. Außerdem arbeitete sie als Senior Audit Associate bei KPMG LLP.
Espey, das sich hauptsächlich auf die Entwicklung spezialisierter militärischer und industrieller Stromversorgungen/Transformatoren konzentriert, betrachtet diese Veränderungen als strategisch für das fortgesetzte Wachstum und den Erfolg des Unternehmens.
- 20-year CFO tenure marked by record profitability and substantial growth
- New CFO brings 10+ years of diverse financial leadership experience
- Smooth transition period with overlap between outgoing and incoming CFO
- Loss of long-term financial leadership and institutional knowledge
SARATOGA SPRINGS, N.Y., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP), a leading designer and manufacturer of innovative industrial and defense electronic solutions, announces the retirement of its Chief Financial Officer and Treasurer, Katrina Sparano, and the appointment of Kaitlyn O’Neil, who has been employed by the Company since January 6, 2025, as the company’s new Principal Financial Officer and Treasurer, both effective February 15, 2025.
David O’Neil, President and Chief Executive Officer, stated:
“After 20 years of distinguished service, Ms. Sparano leaves behind a legacy of financial leadership and solid business results. During her tenure, Ms. Sparano played a key role in guiding the Company through record profitability and substantial growth, positioning Espey Mfg. & Electronics Corp. for long-term success in a dynamic market.”
Kaitlyn O’Neil has been appointed the Company’s new Principal Financial Officer and Treasurer. She is a Certified Public Accountant and has more than 10 years of financial leadership experience in the service, manufacturing, and consulting industries. From September 2021 until her employment by the Company, Ms. O’Neil was employed by Octo Telematics North America, LLC, Auburndale, MA, as Finance Director. Before that, from April 2017 to September 2021, she was employed by Precisely Holdings, LLC, Burlington, MA, in various finance department positions. From January 2015 to April 2017, she was employed by KPMG LLP as Senior Audit Associate.
Ms. O’Neil is not related to David O’Neil.
“On behalf of the entire Board of Directors and the leadership team, I want to extend our deepest gratitude to Katrina for her contributions to Espey Mfg. & Electronics Corp.,” said Mr. O’Neil. “With her partnership, we have strengthened our financial position and executed on critical strategic initiatives that have set the foundation for the company’s continued growth. We wish her all the best in this next chapter. We also welcome the arrival of Kaitlyn to our executive team. Her financial expertise, leadership, and drive for results provide the exact elements we need for continued business growth and success.”
Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at www.espey.com.
For further information, contact Ms. Kaitlyn O’Neil at invest@espey.com.
This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.
FAQ
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