Terry Murphy, executive vice president (EVP) and chief financial officer (CFO) of A O Smith Corporation, has announced plans to retire from the global manufacturer of electric motors and water heaters effective 1 May 2011. Murphy joined the company in January 2006 after serving as senior vice president (SVP) and CFO of Quanex.
John Kita, SVP-corporate finance and controller, will succeed Murphy. In his current position, Kita oversees the accounting, financial planning, tax, and risk management functions. Kita originally joined AO Smith as assistant treasurer in 1988 and was elected vice president, treasurer and controller in 1996. He was named SVP in 2006.
Previously, Kita held a number of financial and accounting positions at RTE Corporation, a manufacturer of electrical equipment. He received a bachelor’s degree in Accounting and Mathematics from the University of Wisconsin-Oshkosh, and an MBA from the University of Wisconsin-Madison. He is a certified public accountant (CPA) in Wisconsin.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more