inTEST Announces Appointment of New Chief Economical Officer, Treasurer and Secretary
MT. LAUREL, N.J., June 11, 2021 (World NEWSWIRE) — inTEST Company (NYSE American: INTT), a global supplier of innovative check and system alternatives for use in manufacturing and testing across a broad selection of marketplaces, which include automotive, protection/aerospace, industrial, health care, semiconductor and telecommunications, right now declared the appointment of Duncan Gilmour as its new Chief Economic Officer, Treasurer and Secretary productive June 14, 2021. Mr. Gilmour will succeed Hugh T. Regan, Jr., who is retiring from inTEST just after 25 yrs of services. Mr. Regan will continue to help inTEST on a consulting foundation for a period of time of time.
As CFO, Mr. Gilmour will direct inTEST’s world wide finance corporation and monetary pursuits which include accounting and controllership, financial arranging and examination (FP&A), tax, trader relations, risk administration, and treasury.
Mr. Gilmour joins inTEST from ABB in which he has been the Americas Region Controller of the Procedure Automation Measurement and Analytics Division. In the course of his tenure at ABB, he was dependable for overseeing economic functions at numerous enterprises, FP&A, and the integrity of inside controls across the area. Prior to ABB, he had a 13-year occupation with Tyco Intercontinental the place he held roles of raising obligations within just the business ranging from Director of Company Compliance (wherever he held duty for the coordination of world-wide Sarbanes-Oxley compliance processes), Global Controller and Finance Director. Prior to Tyco Worldwide, Mr. Gilmour experienced an 11-calendar year vocation with Coopers & Lybrand/ PricewaterhouseCoopers in the US and the British isles, exactly where he was responsible for handling multinational general public and non-public company audits, IPOs and consulting engagements. Mr. Gilmour holds a BAcc (Bachelor of Accounting) diploma in Economics and Accounting from the College of Glasgow (1993) and in 1996 was granted certification as a chartered accountant with The Institute of Chartered Accountants of Scotland (ICAS).
“I am delighted to welcome Duncan to our management workforce,” stated Nick Grant, President and CEO of inTEST. “I had the possibility to get the job done with Duncan at ABB, and his powerful economical acumen combined with tested operational P&L oversight as properly as general public firm audit experience serves us perfectly as we proceed to situation inTEST for the long run. I am confident Duncan will give solid management and I look forward to working together to drive our eyesight and development system ahead and deliver greater benefit for shareholders and all stakeholders.”
“I’m fired up to be becoming a member of inTEST at a time of major option for the Company,” claimed Mr. Gilmour. “I glimpse ahead to working with Nick and the team to go inTEST forward and execute on its fiscal, operational, and cultural transformation. I would like to thank Nick and the inTEST Board for their guidance and confidence as we embark on the subsequent chapter for inTEST, its prospects, staff members and shareholders.”
“On behalf of the overall Board of Administrators, I would like to thank Hugh Regan for his numerous many years of services to inTEST which spanned additional than two many years, and his help in facilitating this easy changeover,” Mr. Grant included. “Hugh was instrumental in taking the business community 25 yrs back and has aided to form the enterprise to what it has turn into right now. We wish him much good results in his upcoming endeavors.”
About inTEST Company
inTEST Corporation is a world supplier of progressive take a look at and course of action alternatives for use in production and tests across a wide assortment of markets which include automotive, defense/aerospace, clinical, industrial, semiconductor and telecommunications. Backed by decades of engineering experience and a society of operational excellence, we resolve tricky thermal, mechanical and digital troubles for consumers worldwide when making powerful cash movement and revenue. Our tactic employs these strengths to develop and raise stockholder price by maximizing our enterprises and by pinpointing, obtaining and optimizing complementary enterprises.
For extra information take a look at www.intest.com.
Forward-Hunting Statements
This push release involves ahead-hunting statements inside the which means of the Personal Securities Litigation Reform Act of 1995, as amended. These statements do not express historical information but relate to predicted or likely long run occasions and economic outcomes, these types of as statements of our designs, strategies and intentions, or our long run general performance or plans, that are based upon management’s recent anticipations. Our ahead-wanting statements can often be identified by the use of ahead-looking terminology this kind of as “believes,” “expects,” “intends,” “may,” “will,” “should,” “plans,” “projects,” “forecasts,” “outlook,” or “anticipates” or similar terminology. These statements are issue to hazards and uncertainties that could cause actual outcomes to vary materially from individuals expressed or implied by this kind of statements.
These risks and uncertainties include things like, but are not limited to, any talked about in this press launch as effectively as the effect of the COVID-19 pandemic on our organization, liquidity, monetary affliction and final results of functions indications of a adjust in the market place cycles in the Semi Current market or other marketplaces we provide modifications in organization situations and common economic disorders both of those domestically and globally changes in the desire for semiconductors the achievements of our method to diversify our business enterprise by getting into marketplaces outdoors the Semi Sector our capacity to efficiently consolidate our EMS operations without having any affect on client shipments, top quality or the amount of our guarantee statements and to realize the advantages of the consolidation the risk of potential acquisitions or tendencies and the prosperous integration of any obtained operations our means to borrow resources or elevate capital to finance opportunity acquisitions improvements in the costs and timing of cash expenses by our shoppers and other danger variables set forth from time to time in our Securities and Exchange Fee filings, which include, but not constrained to, our annual report on Form 10-K for the 12 months ended December 31, 2020. Any forward-searching statement produced by us in this push release is primarily based only on information currently out there to us and speaks to circumstances only as of the day on which it is manufactured. We undertake no obligation to update the details in this push release to replicate activities or circumstances after the day hereof or to mirror the event of predicted or unanticipated occasions.
Make contact with: Contacts inTEST Company Nick Grant President and CEO Tel: 856-505-8999 Buyers: Laura Guerrant-Oiye, Principal Guerrant Associates [email protected] Tel: (808) 960-2642