Packaging machinery solutions provider ProMach has appointed Andy Moeder as its new chief financial officer.
Mr. Moeder will lead the company's financial strategy for long-term profitability and provide financial guidance to support continued growth.
He will also oversee the company-wide finance and accounting teams to strengthen the performance of ProMach and their numerous product brands.
ProMach president and CEO Mark Anderson said: “He has been instrumental in ProMach’s growth over the five years he has been with us, and his strong financial leadership is a big a reason we’ve been able to more than double our revenue in that time frame.
“His poise, direction, and attention to detail make him a great business partner and his proven track record speaks for itself, as he quickly became an indispensable part of our finance organization.”
Mr. Moeder has served ProMach in various financial roles, most recently as Vice President, Finance & Treasurer. He joined ProMach in 2012 from global publishing company Houghton Mifflin Harcourt, where he served in FP&A and Internal Audit leadership roles, and started his career providing accounting and auditing consulting services with Grant Thornton.
Mr. Moeder earned his B.S. in Accounting/Finance and his M.B.A. from the University of Dayton, and he is a Certified Public Accountant.
Mr. Moeder will be replacing outgoing CFO William Schult. Mr. Schult’s decision to step down was carefully planned by him, and he will provide an orderly transition to Mr. Moeder over the next several months. Once the transition is completed, Mr. Schult may stay with the company in a more specialized role for a period of time.
“I’m grateful for everything Bill Schult has done to transform ProMach since he started here in 2005,” added Mr. Anderson. “He helped establish our structure and business model, playing a pivotal role in nearly 30 acquisitions, establishing our global operations, and building an exceptional finance organization with talented people like Andy who can step up into our next wave of leadership. I’m fortunate to get to work with people as talented as Bill and Andy and we wish Bill all the best in his future endeavors.”
Founded in 1998, ProMach is a family of best-in-class packaging solution product brands serving manufacturers of all sizes, geographies, and industries.
ProMach product brands operate across the entire packaging spectrum providing solutions for nearly every application, including integration and engineering services for complete integrated packaging lines.
ProMach is a family of best-in-class packaging solution brands serving manufacturers of all sizes and geographies in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries.
ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. ProMach also provides Performance Services including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime.