Ferro, a global supplier of technology-based performance materials for manufacturers, has appointed Jeffrey Rutherford as vice president and chief financial officer (CFO). Rutherford will report to James Kirsch, chairman, president and chief executive officer (CEO). He will be responsible for Ferro’s financial operations, including accounting, treasury, tax, budgeting, investor relations, corporate development, and internal audit. He will begin his new role at Ferro on 2 April 2012.
Most recently, Rutherford was vice president and CFO at Park-Ohio Holdings, a provider of international supply chain logistics services and a diversified manufacturer of highly engineered products with sales of US$967m. He served in that role since July 2008. During his tenure at Park-Ohio, Rutherford led a variety of portfolio management activities, financial transactions, holding company structural changes, and international cash management practices that have enhanced the company’s cash flow, earnings performance and credit profile.
Previously, Rutherford was senior vice president (SVP) and CFO at UAP Holding, parent of United Agri Products, a distributor of agricultural inputs in North America. UAP merged with Agrium in 2008. From 2005 to 2007, Rutherford served as president and CEO of Lesco, and from 2002 to 2005 was that company’s SVP and CFO. Lesco, the largest distributor of products to the professional turf industry, was sold to Deere & Company in 2007.
Rutherford held finance positions of increasing responsibility at OfficeMax from 1996 through 2001. He began his career at Arthur Andersen and is a certified public accountant (CPA). He earned a BA degree in Business Administration/Accounting from Baldwin-Wallace College in Berea, Ohio.
Thomas Miklich, Ferro’s current vice president and CFO, will continue as an advisor to the company until 7 July 2012, to facilitate a smooth transition in financial operations leadership.
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