2/18/2011 3:07:00 PM
NEWS BRIEFS
Anixter International Names New CFO
Dennis Letham
Anixter International CFO Dennis Letham, 59, will retire at the end of June following an 18-year career with the company.
Effective July 1, Theodore “Ted” Dosch will become executive vice president and CFO.
Dosch, age 51, has served as the company’s senior vice president of global finance since January 2009.
Prior to that, Dosch served in a variety of senior financial management positions with Whirlpool Corp. He is also a member of the Board of Directors of Habitat for Humanity International, where he currently serves as vice-chair of the board.
“During my 18-year tenure at Anixter, the company has experienced tremendous change and success, and I am proud of the role the finance organization has played in that success,” Letham stated. “The company, through a rigorous succession planning process and continuity in key finance positions, is well positioned for the future and to support continued growth.”
CEO Bob Eck praised Letham’s performance at Anixter.
“During his tenure the company has seen tremendous growth in sales, profitability and shareholder returns. Under Dennis’ outstanding leadership, the company developed an effective balance in capital structure, capital allocation and internal controls that helped to serve as the foundation of the company’s global growth platform from both an organic and acquisition perspective.”
Anixter International reported sales at its U.S. OEM supply business, including Anixter Fasteners, grew 1.6% to $130.8 million during the fourth quarter of 2010. OEM sales in Europe jumped 37.2% to $108.8 million.
Full-year U.S. OEM supply sales increased 2% to $532.9 million, while OEM sales in Europe gained 30% to $392.3 million. ©2011 GlobalFastenerNews.com
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Related Links:
• Anixter
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