Sector News

IDEX Corporation names Interim Chief Financial Officer

September 1, 2016
Chemical Value Chain

IDEX Corporation announced today that Michael J. Yates has been appointed interim Chief Financial Officer of the Company, effective September 9, 2016.

Mr. Yates has been at IDEX for 11 years and has served as Vice President and Chief Accounting Officer since 2010. Prior to that, he was Vice President and Controller for five years. Mr. Yates held positions with PriceWaterhouse Coopers and KPMG for 17 years prior to joining IDEX. Mr. Yates received his Bachelor of Science degree in accounting from Indiana University at Bloomington.

IDEX Chairman and Chief Executive Officer Andy Silvernail stated, “Mike is an outstanding finance executive with over a decade of experience leading IDEX finance functions. Mike has been a key player in building our strong and deep finance team, and I am delighted to have a person of his caliber to lead our finance organization in this interim period.”

Heath A. Mitts has resigned from his position as Senior Vice President and Chief Financial Officer of IDEX, effective September 9, 2016. Mr. Mitts has accepted the position of Executive Vice President and Chief Financial Officer of TE Connectivity Ltd.

Mr. Silvernail thanked Heath, saying “Heath leaves a wonderful legacy at IDEX of a strong finance team, robust processes and systems, and a track record of excellence. He has also been a true executive partner and friend. All of us at IDEX wish Heath well and thank him for his great contributions.” Mr. Silvernail said that IDEX has begun a search to consider both internal and external candidates for the Chief Financial Officer role.

Source: IDEX

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.