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Standex Announces New Management Appointments
August 15, 2019
SALEM, N.H., Aug. 8, 2019 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that Chief Financial Officer Thomas DeByle is being promoted to Chief Operating Officer, a newly created position in the Company. Mr. DeByle will be succeeded by Ademir Sarcevic. Mr. Sarcevic will be joining Standex from Pentair plc where he has been serving as its Senior Vice President and Chief Accounting Officer. These appointments are effective September 9, 2019.
In his new role, Mr. DeByle will focus on implementing Standex's strategic priorities and driving operational performance in the Company's business segments. Prior to joining Standex, DeByle held senior level financial management positions at diversified industrial manufacturing companies including Ingersoll Rand, Actuant Corporation and Johnson Controls.
Mr. Sarcevic's responsibilities will include external reporting, financial planning and analysis, treasury, tax, internal audit, information technology and risk management. Both will report directly to David Dunbar, Standex's President and Chief Executive Officer.
"We are excited to announce these two significant management appointments which further position us to achieve our long-term goals for growth and profitability by leveraging our Value Creation System, scaling our growing businesses and continuing our portfolio transformation. Tom is uniquely qualified for this new role given his depth of knowledge of the Company, strategic insights and commitment to delivering results," said President and Chief Executive officer David Dunbar.
"I am delighted to welcome Ademir to our leadership team. With over two decades of financial management experience in industrial businesses and demonstrated leadership ability, he will play an essential role as we build Standex into a focused industrial operating company," Dunbar added.
Previously, Mr. Sarcevic held several senior financial roles at Pentair plc including Chief Accounting Officer and Chief Financial Officer for the Pentair Valves and Controls segment. Prior to that, he worked in several finance, controllership and audit roles at Eisai Inc. and Tyco International. Mr. Sarcevic holds a Master of International Management in Finance from the Thunderbird School of Global Management at Arizona State University as well as a Bachelor of Science in Finance and International Business from the University of Bridgeport.
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