TechPrecision Announces New Chief Financial Officer

Rhea-AI Summary

TechPrecision (Nasdaq:TPCS) has announced the appointment of Richard D. Roomberg, CPA, CMA, as its new Chief Financial Officer (CFO), effective September 20, 2024. Roomberg, who holds a Bachelor of Science degree in Accounting from Pennsylvania State University, brings extensive experience as a Chief Accounting Officer and Senior Financial Executive.

His expertise includes reporting complex financial transactions, completing over ten Mergers and Acquisition transactions, and ensuring accounting compliance. Barbara Lilley, the previous CFO, has transitioned to the role of Controller. The company's management and Board expressed gratitude for Lilley's hard work during the past year.

Positive

• Appointment of a new CFO with extensive financial leadership experience
• New CFO has expertise in complex financial transactions and M&A
• Previous CFO remains with the company in a Controller role, ensuring continuity

Negative

• None.

WESTMINSTER, MA / ACCESSWIRE / September 23, 2024 / Today, TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or "we," "us" or "our") announced that it has appointed a new Chief Financial Officer (CFO).

TechPrecision is proud to announce that on September 19, 2024, it entered into an employment agreement with Richard D. Roomberg, CPA, CMA, to become its CFO effective September 20, 2024. Management and the Board would like to thank Barbara Lilley for her hard work during this very difficult last year and note that with Mr. Roomberg's appointment, she has stepped down as CFO to become Controller.

Mr. Roomberg has a Bachelor of Science degree in Accounting from Pennsylvania State University. He has been the Chief Accounting Officer and Senior Financial Executive with several corporations and has diverse corporate financial leadership experience in public and private accounting. Recognized as a financial expert by George Mason University, he has extensive experience reporting complex financial transactions - completing over ten Mergers and Acquisition transactions - and solving business problems by ensuring accounting compliance.

About TechPrecision Corporation

Through our wholly owned subsidiaries, Ranor, Inc. and STADCO, we manufacture large-scale, metal fabricated and machined precision components and equipment. These products are used predominantly in the defense, aerospace, and precision industrial markets. Our goal is to be an end-to-end service provider to our customers by furnishing customized solutions for completed products requiring custom fabrication and machining, assembly, inspection, and testing. To learn more about us, please visit our website at www.techprecision.com. Information on our website or any other website does not constitute a part of this press release.

Company Contact:		Investor Relations Contact:
Mr. Richard D. Roomberg		Hayden IR
Chief Financial Officer		Brett Maas
TechPrecision Corporation		Phone: 646-536-7331
Tel: 978-883-5108		Email: brett@haydenir.com
Email: roombergr@ranor.com
www.techprecision.com

SOURCE: TechPrecision Corp

View the original press release on accesswire.com

FAQ

Who is the new CFO of TechPrecision (TPCS)?

Richard D. Roomberg, CPA, CMA, has been appointed as the new Chief Financial Officer of TechPrecision (TPCS), effective September 20, 2024.

When did TechPrecision (TPCS) announce the appointment of its new CFO?

TechPrecision (TPCS) announced the appointment of its new CFO on September 23, 2024.

What happened to TechPrecision's (TPCS) previous CFO?

TechPrecision's previous CFO, Barbara Lilley, has stepped down from the role and transitioned to the position of Controller within the company.

What qualifications does TechPrecision's (TPCS) new CFO have?

Richard D. Roomberg, the new CFO of TechPrecision (TPCS), has a Bachelor of Science degree in Accounting from Pennsylvania State University, is a CPA and CMA, and has experience as a Chief Accounting Officer and Senior Financial Executive.