Metaldyne Names Jeff Stafeil Chief Financial Officer
PLYMOUTH, Mich., July 16 -- Metaldyne announced today that Jeff Stafeil, the company's corporate controller, has been promoted to the position of executive vice president and chief financial officer. Tim Leuliette, Metaldyne's chairman, president and CEO made the announcement.
In this role, Stafeil will lead the Corporation's financial organization, as well as become a key member of the overall Metaldyne leadership team.
"I am pleased to have Jeff as Metaldyne's CFO," said Leuliette. "He has played a critical role in the creation of the streamlined Metaldyne financial organization, built from the foundation of the predecessor companies."
Since joining Metaldyne in 2001, Stafeil has led the Investor Relations function, providing a clear and credible voice to Metaldyne's investors during a period of challenging financial markets. Stafeil has also managed the Company's achievement in reaching best-in-class working capital levels through implementing shared services and new procedures across the company. Additionally, Stafeil established a real-time, Web-based financial reporting system that delivers concise and accurate financial metrics on a global basis.
"Metaldyne's Investor Relations efforts, working capital management and financial reporting system are some of our key competitive advantages, and Jeff has played a critical role in defining and implementing these initiatives," Leuliette added.
Stafeil joined Metaldyne in 2001. Prior to Metaldyne, he worked for Heartland Industrial Partners, where in addition to his role in the acquisitions of MascoTech, Simpson and GMTI, he led the effort to create a new Metaldyne financial culture. Previously, Stafeil was a consultant at Booz, Allen & Hamilton. Among other activities while in this role, he led the shared services implementation across a multinational petroleum company. Stafeil has also held various positions with Mobil Corporation, Peterson Consulting and Ernst & Young.
In addition to CPA accreditation, Stafeil holds a Bachelor of Science in accounting from Indiana University and a Master's of Business Administration from Duke University.
Stafeil replaces William (Bill) Lowe, who has announced his decision to leave Metaldyne and pursue other interests.
"Bill has played a key role in the integration of Metaldyne's finance function," Leuliette said. "I am grateful for his significant contributions to this organization and wish him well in his future endeavors."
About Metaldyne
Metaldyne is a leading global designer and supplier of metal-based components, assemblies and modules for transportation-related powertrain and chassis applications including engine, transmission/transfer case, wheel-end and suspension, axle and driveline, and noise and vibration control products to the motor vehicle industry. The company serves the automotive segment through its Chassis, Driveline & Transmission, and Engine Group.
Headquartered in Plymouth, Mich., Metaldyne has annual revenues of $1.5 billion. The company employs over 7,250 employees at over 50 facilities in 11 countries.
For more information, please visit http://www.metaldyne.com/ .
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