Thermon Group Holdings, Inc. (NYSE:THR) has made significant changes to its senior leadership team, as outlined in a recent press release. Jan L. Schott has been appointed as the Senior Vice President and Chief Financial Officer, effective October 14, 2024. Schott brings over 30 years of global financial, commercial, and operational experience to Thermon, with previous roles including Executive Vice President and CFO of TG Natural Resources, CFO of Texas Crude Energy LLC, and CFO at Goodrich Petroleum Corporation.
In addition to Schott's appointment, Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective the same date. Lucas has been with the company for four years, serving as Vice President, Corporate Controller, and playing a key role as the interim Principal Financial Officer over the last six months.
Thermon's President and CEO, Bruce Thames, expressed confidence in the new appointments, emphasizing Schott's financial expertise and deep capital markets experience, which he believes will be valuable in driving growth and operational excellence within the organization. He also highlighted Lucas's instrumental contributions to the company, particularly in driving process improvements and enhancing public disclosures in quarterly and annual reporting.
Schott expressed her enthusiasm about joining Thermon, emphasizing her excitement about continuing to build on the company's legacy of operational excellence. Lucas also expressed his eagerness to work with Schott and contribute to the successful execution of the company's strategic initiatives.
Thermon, a global leader in industrial process heating solutions, operates with a disciplined focus on operational excellence. The company specializes in providing complete flow assurance, process heating, temperature maintenance, freeze protection, and environmental monitoring solutions, with its headquarters located in Austin, Texas.
The changes in the senior leadership team are expected to bring a wealth of experience and expertise to Thermon, further contributing to the company's long-term value creation strategy. As a result of these announcements, the company's shares have moved -0.9% on the market, and are now trading at a price of $29.56. If you want to know more, read the company's complete 8-K report here.
