AstroNova Appoints Thomas DeByle as New CFO, Replacing Retired David S. Smith

Slice of Technology Team

Jun 24, 2024

Key Highlights:

Thomas DeByle appointed CFO, succeeding David S. Smith.
DeByle brings over 25 years of financial leadership experience.
Focus on leveraging DeByle’s expertise in global transformation.
Recent MTEX acquisition to broaden international footprint.
David S. Smith retires after over six years of service.

Source (Business Wire)

Quotes

“ “We are thrilled to welcome Tom to AstroNova as we focus on profitably growing our company for the long term. With our recent acquisition of MTEX that broadened our international footprint, we expect to leverage Tom’s experience in global transformation in financial strategy, operations, and governance to drive increased growth and shareholder value.” ”

Greg Woods, President and CEO at AstroNova

Our Take:

The appointment of Thomas DeByle as CFO marks a strategic move for AstroNova, emphasizing the company's commitment to long-term growth and global expansion. DeByle’s extensive experience in financial leadership, particularly in international settings and M&A, positions him as a valuable asset in driving AstroNova’s profitability and operational efficiency. The recent acquisition of MTEX further underscores AstroNova's focus on expanding its global footprint, and DeByle’s expertise will be crucial in navigating this transformation. The retirement of David S. Smith, who significantly contributed to the company's operational advancements, marks the end of an era, but DeByle’s appointment signals a promising future for AstroNova's continued success.

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