NEWARK, New York, Sept. 06, 2018 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NYSE AMERICAN:IEC) today announced the appointment of Thomas L. Barbato as Senior Vice President, Finance and Chief Financial Officer effective September 10, 2018. He will report directly to Jeffrey T. Schlarbaum, President and Chief Executive Officer of IEC Electronics.
Mr. Barbato, age 49, has had a successful 23-year career at Xerox Corporation, where he held a variety of high level finance and operational positions, most recently serving as Vice President, Finance - North America Operations Pricing and Contracting. Prior to that he was Vice President, Finance – U.S. Large Enterprise Operations, a $1.8 billion division of Xerox. His experience includes all facets of pricing and contracting, deal review and risk management, acquisitions, accounting and internal controls. While at Xerox he held leadership roles in change management as well as Lean Six Sigma initiatives. Before joining Xerox, Mr. Barbato served as Senior Auditor at Deloitte & Touche in Rochester, New York. He holds a B.S. degree in Accounting from St. John Fisher College.
Jeffrey T. Schlarbaum, President and CEO of IEC Electronics Corp., stated, “As IEC continues on our path to growth, it is critical for our company to bring on strong leaders who understand the manufacturing environment in which we work. We are very pleased to bring Tom, with his demonstrated leadership and extensive experience in world class processes, to our business. We believe his background and expertise related to manufacturing operations as well as Lean Six Sigma training make him especially well-suited for our CFO role.
“We had an overwhelming response in our search to fill the CFO position and saw many qualified candidates. Tom not only brings broad professional experience from his long career at a blue chip corporation, but is also a solid fit for our culture of excellence. We are excited to welcome Tom to our management team, and we believe he’ll be a valuable addition as we continue to grow our leadership position in the marketplace.”
About IEC Electronics
IEC Electronics is a provider of electronic manufacturing services ("EMS") to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking. As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2008, AS9100D, ISO 13485, and Nadcap. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM. Additional information about IEC can be found on its web site at www.iec-electronics.com.
| Contact: | Audra Gavelis |
| Director of Marketing & Investor Relations | |
| IEC Electronics Corp. | |
| (315) 332-4559 | |
| agavelis@iec-electronics.com |