VSE Corporation Announces CFO Retirement

VSE Corporation Announces CFO Retirement

VSE expects to name Thomas Loftus' successor during the fourth quarter of 2020.

VSE Corporation, a leading provider of distribution and maintenance, repair and overhaul services for land, sea and air transportation assets in the public and private sectors, recently announced that Thomas Loftus, executive VP and CFO plans to retire after a distinguished career with the company. VSE expects to name Loftus’ successor during the fourth quarter of 2020. Loftus will remain with the company through year-end 2020 to ensure an orderly transition of his duties.

Loftus joined VSE in 1978, serving in a variety of finance roles during his 42-year tenure with the company. In 2002, he was named CFO of VSE.

“It has been a sincere privilege to work alongside John Cuomo, the board of directors and my fellow employees during my career with VSE,” stated Loftus. “I am confident that we are well-positioned for our next phase of transformative growth under John’s leadership, guided by a strategic focus on higher-margin end-markets, high free cash flow conversion and disciplined balance sheet management. I know that our most important asset – our employees – are in good hands.”

“On behalf of the board of directors and the entire VSE team, I want to thank Tom for his exceptional leadership and dedication to VSE,” said John Cuomo, president and CEO of VSE Corporation. “During his more than four decades with VSE, Tom was integral to the development and execution of our business strategies. Tom ensured a strong financial position for the company with disciplined decision making and led the charge for significant free cash flow generation through consistent and rigorous efforts to reduce working capital. I personally want to thank Tom for being a trusted advisor and business partner to me. We wish him a long, happy and well-deserved retirement.”

You May Also Like

Stoneridge Appoints Chief Technology Officer

Most recently, Troy Cooprider was VP of global technology, responsible for leading product innovation, advanced engineering and technology strategy.

Stoneridge Appoints Chief Technology Officer

Stoneridge, Inc. announced the appointment of Troy Cooprider to the position of chief technology officer. Cooprider will set the company's strategic technology and product roadmaps, and support future innovation and growth through oversight of the global engineering function, the company said.

Most recently, he was vice president of global technology at Stoneridge, responsible for leading product innovation, advanced engineering and technology strategy.

MBE Group Promotes Gretchen Bennett to Account Manager

Bennett will support strategic initiatives for clients, including media relations, event management, content development and more.

MBE Group Promotes Gretchen Bennett to Account Manager
Advance Auto Parts Appoints Three New Independent Directors

With the appointments, the company’s board will temporarily expand to 12 directors.

Advance Auto Parts
Marelli Names EVP/President of Automotive Lighting & Sensing

Frank Huber assumed this role effective March 1.

Marelli Names EVP/President of Automotive Lighting & Sensing
Monro, Inc. Appoints Vice President Human Resources

Jack Heisman assumed this post, effective immediately, and will also oversee Monro’s corporate communications department.

Monro, Inc. Appoints Vice President Human Resources

Other Posts

Jacki Lutz Named Content Director at Auto Care Association

As the director of content, Lutz will be tasked with leading a cross-functional and multimedia content strategy, development and execution across all platforms.

Philippe Baudin Appointed COO of Amerigo International

He will concurrently hold the position of advisor to CEO Sylvain Abergel for relations with aftermarket leading suppliers.

BorgWarner Appoints Chief Accounting Officer

Amy Kulikowski fills the position, effective March 1.

BorgWarner Appoints Chief Accounting Officer
GSP Adds Snyder as Sr. Account Manager, Specialty Accounts

Greg Snyder will lead sales efforts for GSP in the e-commerce, ATV/UTV, OES and O’Reilly Auto Parts segments.

Greg-Snyder-GSP-North-America