Holden Richardson Recruits CFO for Unique Fabricating
August 31, 2020 – According to recruiters, the pressure on chief financial officers during the pandemic has been significant: Rewriting corporate budgets seemingly daily; bargaining with banks over broken loan covenants; answering constant calls from investors and board directors; and, in extreme cases, figuring out how to make payroll. All while working with no colleagues around.
Chicago, IL-headquartered executive search firm Holden Richardson recently placedBrian Loftus as chief financial officer of Unique Fabricating Inc. in Auburn Hills, MI. Founding partner Alex Richardson led the assignment.
“After conducting an extensive search with several highly qualified candidates, Brian’s experience building teams and processes at publicly traded manufacturing company’s uniquely positions him to make an immediate and positive impact,” said Doug Cain, president and CEO of Unique Fabricating. “We have made considerable progress advancing our ‘Boldly Back on Track’ vision. With Brian’s appointment, I have completed the formation of my executive leadership team capable of leading us in achieving our ambitious targets.”
Mr. Loftus has nearly 15 years of finance and accounting experience including controllership, financial reporting, internal audit and public accounting. He previously served as corporate controller for Wabash National Corp. Prior to that, he was the corporate controller for Horizon Global Corp. Mr. Loftus has also held various positions with TriMas Corp., a diversified industrial manufacturer, including controller for TriMas’ former subsidiary Cequent Performance Products, segment financial manager and corporate audit manager.
“This is an exciting time to join Unique Fabricating, as the company is poised to reclaim its leadership position in the industries it serves,” said Mr. Loftus. “The pieces are in place to achieve top- and bottom-line growth, accelerate cash generation and strengthen its balance sheet to create sustainable shareholder value. I look forward to contributing to the dynamic and collaborative culture that Doug and his team have created.”
Related: Acertitude Recruits CFO for OnSolve
Unique Fabricating engineers and manufactures components for customers in the automotive and industrial appliance markets. The company’s solutions include multi-material foam, rubber and plastic components, which are used in noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications.
Veteran Recruiters
Holden Richardson is a boutique executive recruiting firm focused on building leadership teams in the diversified industrial space, with a strong concentration in automotive, on-and off-highway and specialty equipment OEMs (original equipment manufacturers) and their tier-one and tier-two supply base. The firm works globally and supports a broad range of clients headquartered both in and outside of the U.S.
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Holden Richardson’s clients include Fortune 500 enterprises, European-headquartered companies and private equity and family-owned businesses. Among them: GM, TI Automotive, A123 Systems, Tempur Sealy, Carlisle, BorgWarner, CDK Global, FCA, SC Johnson and Sears. Besides the Chicago area, the firm also has an office in Detroit.
President Brad Holden, who founded the firm in 2016 along with Mr. Richardson, has over 25 years of recruiting experience. He established North Line Partners in 2010. Before that, he was with Heidrick & Struggles, where he served as global automotive practice leader and as a partner in the global industrial practice.
Mr. Richardson has 20 years of recruiting experience and has served automotive and diversified manufacturing clients for both public and privately-held clients, including original equipment manufacturers, tier-one and tier-two parts suppliers, engineering service providers and aftermarket manufacturers. He has conducted assignments for chief executive officers, chief operating officers, divisional presidents and functional heads with a concentration in operations, supply chain management, engineering and commercial leadership roles. Mr. Richardson was a partner at North Line Partners for four years. He also worked for Korn Ferry for 17 years, serving in the automotive and industrial practice groups.
Related: Pandemic Fallout: Sudden Surge In CFO Exits
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media
