IDEAL Announces Appointment of New CFO

Sycamore, Ill. – IDEAL INDUSTRIES, INC., one of the world’s largest manufacturers and suppliers of quality tools, connectors and testing products for electricians and data communications contractors, today announced the appointment of Carmelle Giblin as the company’s new Chief Financial Officer (CFO), effective immediately. Ms. Giblin assumes this role from Jim Pfotenhauer who will remain with the company in his new position as Vice President of Finance, Secretary & Treasurer. Mr. Pfotenhauer, who joined IDEAL in 1982, will assist to ensure a smooth transition.

“IDEAL is most fortunate to add the talent of a seasoned professional like Carmelle Giblin as our new CFO,” commented Jim James, President/CEO of IDEAL INDUSTRIES, INC. “IDEAL has built a dynamic management team to meet our ambitious worldwide goals and leverage the vast business opportunities in front of us. Carmelle will play a pivotal role in seeing that those goals are met.”;

Mr. James added “I again want to thank Jim Pfotenhauer for his outstanding contributions to IDEAL over his long, distinguished career. We’re fortunate to have him in his new role going forward.”

A highly experienced financial professional, Ms. Giblin was most recently Vice President, General Manager at Kester, an Illinois Tool Works (ITW) business and a global supplier of interconnecting materials for the electronic and micro-component assembly markets. She began her career as a Certified Public Accountant, eventually becoming a Group Controller with ITW in 1999.

As CFO, Ms. Giblin will be responsible for guiding IDEAL business units in meeting financial goals, ensuring that the highest control standards are applied to account reconciliation, stewardship of assets and integrity of financial transactions. She will also provide leadership in the areas of budgeting, forecasting, reporting, acquisitions and financial analysis of business performance.

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