BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Corporation – a diversified global manufacturer of engineered and applied products – today announced David Rice as the future chief financial officer of the new Cequent organization, once the previously announced spin from TriMas Corporation is complete. The spin transaction is expected to be completed in mid-2015. David currently serves as division finance officer of TriMas’ Cequent Performance Products business located in Plymouth, Mich.
David will also assume responsibility for the human resource function of the Cequent businesses.
"I am pleased to announce David’s well-deserved promotion to chief financial officer," said Mark Zeffiro, previously announced president and chief executive officer of the new public entity upon completion of the transaction. "His extensive financial experience, strong interpersonal skills and focus on continuous improvement make him the ideal executive to help drive this new public entity going forward. I am confident David’s strategic orientation, financial leadership skills and focus on delivering results will create value for our shareholders.”
David joined TriMas Corporation in 2005 and brings more than 30 years of financial, audit and leadership experience to the role. He has held previous roles at TriMas Corporation, which include division finance officer of Cequent Performance Products, and group controller and director of Corporate Audit. Prior to 2005, he held additional divisional controller positions of increasing responsibilities at GKN Sinter Metals and Mueller Industries, Inc., as well as managing international operations finance at The Woodbridge Group. David holds a Bachelor of Business Administration degree with a concentration in Accounting from the Wayne State University, an Executive Masters of Business Administration from the University of Michigan and is a Certified Public Accountant.
As previously announced, Mark Zeffiro, the previous executive vice president and chief financial officer of TriMas, will serve as president and chief executive officer of the new spin-off entity upon completion of the transaction. On an interim basis, Zeffiro has been named group president of Cequent.
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation provides engineered and applied products for growing markets worldwide. TriMas is organized into six reportable segments: Packaging, Energy, Aerospace, Engineered Components, Cequent APEA and Cequent Americas. TriMas has approximately 7,000 employees at more than 60 facilities in 19 countries. For more information, visit www.trimascorp.com.