JUPITER, Fla. – Multi Parts Supply (MPS) has named Nannette Cassidy as the CFO of Multi Parts Supply Group.
Having been with MPS since 2011, Cassidy’s promotion directly reflects the scope and growth of her corporate responsibilities, according to MPS Group President Brian Cohn. “Nannette’s promotion says a lot about the growth MPS is experiencing. It says much more about Nannette,” he said. “Her competency, knowledge, creativity, negotiation skills and decisiveness give MPS a serious edge. It also removes a significant amount of work from my plate, allowing me to focus my energy in other areas of the company.”
As Group CFO, Cassidy has direct oversight for the entirety of the corporate finance functions of MPS’ group of companies. Controllership and treasury duties inform MPS’ investment of capital and other physical assets and resources. Cassidy administers the capital structure of MPS while balancing risk, reward and liquidity. She works closely with the owners and senior management to develop sound economic strategy and identify areas where MPS is most efficient. Working collaboratively, the team strategizes ways to capitalize on the information.
Cohn commented, “Nannette has proven extremely adept at projecting the long-term financial picture for our group of companies. This provides us the freedom and security to remain strategic but aggressive and nimble in capitalizing on opportunity. Her contributions are a tremendous benefit to our bottom line.”
Prior to joining MPS, Nannette Cassidy held several high-level finance positions, including vice president of accounting, controller, operations manager and senior treasury analyst for a global multi-conglomerate with annual revenues in excess of $30 billion.
