Vishay Intertechnology, Inc. (NYSE: VSH) has announced key changes in its executive leadership. David McConnell, who has been serving as the senior vice president – corporate treasurer and risk management, has been appointed as the executive vice president – chief financial officer. This appointment follows the resignation of Lori Lipcaman from the position of CFO.
Additionally, the board has promoted David Tomlinson, the senior vice president – corporate controller, to the newly created role of senior vice president – chief accounting officer. These changes in the finance leadership team are set to take effect on March 1, 2024.
David McConnell, aged 57, has been with Vishay since 1992 and has held various positions of increasing responsibility within the finance organization. He is a certified public accountant in Pennsylvania and has been instrumental in the global operations of Vishay.
David Tomlinson, aged 49, has been with Vishay since 2003 and has also held various positions of increasing responsibility. He is a certified public accountant in Pennsylvania and has extensive experience with Vishay’s global operations.
Joel Smejkal, President and CEO of Vishay, expressed confidence in the new appointments, highlighting that these changes are aimed at strengthening Vishay’s leadership team as the company focuses on customer-centric strategies and a new orientation towards becoming a P&L driven organization.
Vishay Intertechnology, Inc., a Fortune 1000 company listed on the NYSE, is a leading manufacturer of discrete semiconductors and passive electronic components catering to various industries globally.
These changes in the finance leadership team signal a significant shift in Vishay's strategic direction and are expected to have a positive impact on the company as it aims to accelerate growth and optimize returns. Today the company's shares have moved 0.4% to a price of $21.84. For the full picture, make sure to review Vishay Intertechnology's 8-K report.
