BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Corporation (NASDAQ: TRS) – a diversified global manufacturer of engineered and applied products – is pleased to announce that A. Mark Zeffiro, TriMas’ chief financial officer, has recently been promoted to executive vice president and chief financial officer.
Zeffiro is responsible for leadership of the financial organization of TriMas, including investor relations, financial planning, external reporting, business analysis, treasury, tax and corporate capital, and all aspects of operating finance, as well as emerging markets.
“Mark has a proven track record of responsible and focused fiscal leadership,” said Samuel Valenti III, TriMas’ chairman of the Board of Directors and president and chief executive officer of Valenti Capital LLC. “His deep understanding of financial management and business acumen, along with his global insight and experience, is invaluable to TriMas.”
“We are pleased Mark has been recognized with the more encompassing title,” said Dave Wathen, TriMas president and chief executive officer. “Mark is a highly capable professional with expertise in his area, in addition to being a dedicated team player. Throughout his tenure, he has contributed to our stock price rising from below $8 when he started to just above $32 yesterday, and our debt to equity ratio has decreased nearly two full turns from the end of 2008 until the end of 2012. I know Mark will continue making positive contributions to lead the company forward.”
Zeffiro joined TriMas Corporation in June 2008 as chief financial officer, and has 25 years of financial, operational and business leadership experience with companies such as Black & Decker and General Electric Company. Before joining TriMas, He was vice president of finance for the Global Consumer Product Group at Black & Decker, where he had responsibility for financial and operational activities within the United States, Europe, Latin America and China, including growth, profit improvement and cost reduction initiatives. Zeffiro received his Bachelor of Science degree in Quantitative Analysis from Bentley College.
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NASDAQ: TRS) provides engineered and applied products for growing markets worldwide. TriMas is organized into six reportable segments: Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent Asia Pacific and Cequent Americas. TriMas has approximately 5,500 employees at more than 60 facilities in 17 countries. For more information, visit www.trimascorp.com.
