Nortech Systems Names Andrew LaFrence CFO and Senior Vice President of Finance
05 Dezembro 2023 - 7:39PM
Business Wire
Nortech Systems, Inc., (Nasdaq: NSYS), a leading provider of
engineering and manufacturing solutions for complex electromedical
and electromechanical products announced today Andrew LaFrence has
been named CFO and Senior Vice President of Finance.
“We are delighted to welcome Andy to the Nortech Systems team,”
said Jay D. Miller, President and CEO of Nortech Systems. “Andy
brings a wealth of experience and knowledge to the role, and I am
confident he will be a great asset to our organization. Andy brings
strategic expertise well beyond finance and accounting. The Nortech
leadership team and board of directors are thrilled to have him on
the Nortech team.”
In his new role, LaFrence will be responsible for overseeing the
company’s financial operations, including Nortech’s financial
planning and accounting practices as well as its relationship with
lending institutions, shareholders, the financial community and
external auditors and tax advisors. LaFrence will work closely with
Nortech’s senior leadership team and board of directors to direct
the strategic focus, manage risk plus identify areas of opportunity
and investment for the organization. LaFrence brings extensive
strategic business planning experience and has provided executive
leadership to the finance function with two public and several
private companies.
In recent years, Nortech's strategic investments in the U.S.,
Mexico and China coupled with important measures to focus on
growing EBITDA while developing research and innovation have
diversified the company's capabilities and improved efficiencies to
enhance profitability and support future growth. Nortech
specializes in complex cable harnesses, printed circuit board
assemblies (PCBAs) and box builds for low-volume, high-mix global
manufacturing.
“I am excited to join Nortech Systems and help the company
continue to grow and expand its capabilities,” said LaFrence. “I
look forward to working with the company’s exceptional team to
ensure its financial success.”
Nortech's 30-year history and rapidly growing expertise in
digital connectivity and data management helps its customers stay
competitive today and well into the future. With the addition of
Mr. LaFrence to the team, Nortech Systems is well-positioned to
continue its success and growth.
About Nortech Systems Incorporated
Nortech Systems is a leading provider of design and
manufacturing solutions for complex electromedical devices,
electromechanical systems, assemblies, and components. Nortech
Systems primarily serves the medical, aerospace & defense, and
industrial markets. Its design services span concept development to
commercial design, and include medical device, software,
electrical, mechanical, and biomedical engineering. Its
manufacturing and supply chain capabilities are vertically
integrated around wire/cable/interconnect assemblies, printed
circuit board assemblies, as well as system-level assembly,
integration, and final test. Headquartered in Maple Grove, Minn.,
Nortech currently has seven manufacturing locations and design
centers across the U.S., Latin America, and Asia. Nortech Systems
is traded on the NASDAQ Stock Market under the symbol NSYS.
Nortech's website is www.nortechsys.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231205512137/en/
Andrew D. C. LaFrence Chief Financial Officer and Senior Vice
President of Finance alafrence@nortechsys.com 612-802-9299
Nortech Systems (NASDAQ:NSYS)
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