Servotronics Appoints Robert Fraass as Chief Financial Officer
Servotronics, Inc. (NYSE American: SVT) has appointed Robert Fraass as the new Chief Financial Officer, effective May 1, 2023. He replaces Lisa F. Bencel, who will depart later in May. Fraass brings over twenty years of experience from his previous role as Senior VP of Finance at Stark Technologies Group and has held executive positions at PostProcess Technologies, Ivoclar Vivadent, Integer, and Integrys Energy Services. CEO William F. Farrell, Jr. emphasized Fraass's expertise in financial strategies for sustainable growth and timely financial reporting. This management change aims to enhance leadership within the company as it continues to develop its servo-control components and advanced technology products.
- Robert Fraass brings over 20 years of experience in financial leadership.
- Strategic leadership addition may lead to sustainable growth for the company.
- Departure of Lisa F. Bencel may create continuity concerns during the transition.
"Rob is a seasoned professional who comes to
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