Thermon announced the promotion of Kevin Fox to the position of Senior Vice President and Chief Financial Officer, effective February 12, 2021, concurrent with Jay Peterson, the Company's Senior Vice President and Chief Financial Officer, stepping down from that role.
Mr. Fox has served as the Company's Vice President, Corporate Development, since March 2019. Prior to joining Thermon, Mr. Fox served in various roles of increasing responsibility in strategy, corporate development, and finance with General Electric from 2006 to 2019. Mr. Fox holds a B.A. from Boston College and a M.B.A. from Northwestern University's Kellogg School of Management.
A key stakeholder
CEO Bruce Thames said, "Since joining Thermon, Kevin has developed a solid understanding of Thermon's business and has served as a key stakeholder in developing Thermon's strategy and charting a course for future growth.”
“In addition, Kevin has worked closely with the finance and accounting team and our audit committee and board and is well prepared to step into this role. The board of directors and I are excited to welcome Kevin to his new role."
Key part of the evolution
Thames added, "On behalf of the board of directors, we are grateful to Jay for his leadership throughout his 10 years at Thermon. Jay was instrumental in preparing Thermon for its initial public offering in 2011 and has been a key part of the evolution to our becoming a world leader in industrial process heating solutions.”
“He has built a capable finance and accounting and controls staff which we believe will assure a smooth transition over the weeks ahead. All of us at Thermon wish Jay and his wife, Laura, the best in this next phase of their lives."
