MOUNT AIRY, N.C., May 4, 2020 /PRNewswire/ -- Insteel
Industries, Inc. (NasdaqGS: IIIN) today announced the appointment
of Mark A. Carano as Vice President,
Chief Financial Officer and Treasurer effective May 18, 2020. Mr. Carano will be succeeding
Michael C. Gazmarian, who will be
continuing with the Company through July 31,
2020 to assist with the leadership transition.
Mr. Carano joins Insteel from Big River Steel, where he served
as Chief Financial Officer. Prior to Big River, he served in senior
management roles with Babcock & Wilcox Enterprises, including
Senior Vice President, Finance and Controller of their Industrial
Segment, Senior Vice President, Corporate Development and Strategy,
and Corporate Treasurer. Mr. Carano also has 14 years of investment
banking experience serving as a Managing Director with Bank of
America Merrill Lynch, and in various roles of increasing
responsibility with Deutsche Bank and First Union Securities. He
earned an BA from Vanderbilt University
and an MBA from Northwestern
University's Kellogg Business School.
"It is a pleasure to welcome Mark to the Insteel team," said
H.O. Woltz III, Insteel's President and CEO. "His broad financial
background and strong leadership skills will be a valuable addition
and we look forward to his future contributions as we proceed with
the execution of our strategic growth plans."
About Insteel
Insteel is the nation's largest manufacturer of steel wire
reinforcing products for concrete construction applications.
Insteel manufactures and markets prestressed concrete strand and
welded wire reinforcement, including engineered structural mesh,
concrete pipe reinforcement and standard welded wire reinforcement.
Insteel's products are sold primarily to manufacturers of concrete
products that are used in nonresidential construction.
Headquartered in Mount Airy, North
Carolina, Insteel operates ten manufacturing facilities
located in the United States.
IIIN - G
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SOURCE Insteel Industries, Inc.