Paulin Names Mateyk as CFO

Jason Sandefur

H. Paulin & Co. appointed Murray Mateyk, 48, to the newly created position of CFO. Mateyk, a chartered accountant, will report to company president Richard Paulin.
“Murray brings over 23 years of progressive business and financial management experience to the company, including audit, finance, treasury, investor relations and tax as well as performing various CFO functions in both public and private companies,” Richard Paulin stated.
The appointment follows news that Paulin”s sales during 2007 dropped 9% to CAD 135.97 million (US$133.05 million). Full-year net earnings before taxes declined 62% to CAD 2.8 million (US$2.74m) and net income slid 64% to CAD 1.8 million (US$1.76m).
During the fourth quarter of 2007 Paulin recorded a CAD 535,000 (US$523,492) loss on revenue of CAD 30.4 million (US$29.75m), down 5% from the final quarter of 2006.
Toronto-based Paulin supplies 41,000 standard fasteners and manufactures custom cold headed products, metal stampings, screw machine products, self-locking fasteners and custom parts for the automotive, agricultural, electronics and appliance industries. Paulin also produces stainless and nonferrous fasteners. Web: hpaulin.com \ �2008 FastenerNews.com