Universal Technical Institute recently announced that Troy Anderson will join the company on Sept. 23, as executive vice president and chief financial officer (CFO), permanently filling the role held on an interim basis by Scott Yessner.
Anderson, reporting to UTI’s President and CEO Kim McWaters, will lead financial strategy and oversee the company’s financial operations. In addition, he will work closely with business leaders to further the progress made to date in the company’s multi-year transformation plan.
“We welcome Troy Anderson to our team,” said McWaters. “He joins us at an important time in our transformation as we continue to streamline our cost structure with focus on reducing SG&A, maintaining discipline in capital deployment to generate free cash flow, and optimizing our balance sheet. Troy is an experienced, strategic executive with a record of delivering results, and his financial leadership will make a positive impact across the organization.”
“We also want to thank Scott Yessner for his leadership and valuable contributions as our interim CFO. To ensure a seamless transition, Scott will continue to support the company through the 2019 fiscal year-end financial reporting cycle.”
“UTI has generated significant momentum improving its key business drivers and implementing an efficient and effective operating process,” said Anderson. “I am excited to join UTI at such a pivotal time and look forward to working with the team to capitalize on the opportunity for significant growth.”