Trimas (NASDAQ: TRS) announced the departure of its Chief Financial Officer (CFO), Scott Mell, effective March 20, 2025. In light of this transition, Teresa Finley, a current Trimas board member, has been appointed as the interim CFO.
Teresa Finley brings with her more than 34 years of experience in financial, marketing, and strategic leadership roles at a Fortune 50 company. Her prior roles at UPS included CFO for multiple global businesses, corporate controller and treasurer, and vice president of investor relations, among others. Additionally, she served as a senior advisor at the Boston Consulting Group from June 2019 to November 2021 and currently holds a role on the Union Pacific Railroad board.
In addition to her role as interim CFO, Ms. Finley will also be appointed as Trimas' treasurer. Concurrently, she will step down as the chair of the board’s compensation committee and member of the audit committee.
Regarding the company's financial performance, Trimas reaffirmed its full-year guidance and expressed gratitude to Scott Mell for his contributions during his tenure.
Trimas manufactures products primarily for the consumer products, aerospace, and industrial markets through its Trimas Packaging, Trimas Aerospace, and Specialty Products groups. The company has approximately 3,900 employees in 13 countries and operates under the ticker symbol "TRS" on the NASDAQ. The market has reacted to these announcements by moving the company's shares -1.7% to a price of $24.96. For more information, read the company's full 8-K submission here.
