Home Financial responsibility MSA Safety Appoints Lee McChesney Executive Vice President and Chief Financial Officer

MSA Safety Appoints Lee McChesney Executive Vice President and Chief Financial Officer

0

PITTSBURGH, October 17, 2022 /PRNewswire/ — MSA Safety (NYSE: MSA), the global leader in developing and manufacturing safety products that help protect people and facility infrastructure, today announced that Lee McChesney was named senior vice president and chief financial officer. Mr. McChesney previously served as Vice President, Corporate Finance and Chief Financial Officer for Stanley Black & Decker’s $12.8 billion business unit, Global Tools and Storage.

“We are thrilled to have Lee join our leadership team,” said Nich Vartanian, Chairman, President and CEO of MSA Safety. “Lee is a proven CFO with a proven track record of delivering exceptional results and creating value,” Mr. Vartanian said. “Coming from a Fortune 500 industrial manufacturing company that serves a number of markets common to MSA, I am confident that Lee will help strengthen our organization with his more than 20 years of financial leadership experience leading a great growth-oriented company,” says Mr. Vartanian.

Mr. McChesney joined The Stanley Works in 1999. Initially, he held a number of finance and business leadership positions including Business Unit Finance Director, Director of Financial Planning and Analysis of the company and the deployment of the Stanley Fulfillment System. During his career, Mr. McChesney has helped guide more than 40 acquisitions and integrations. He was also the head of financial integration for the merger of The Stanley Works and Black & Decker in 2010.

Following the merger, Mr. McChesney was appointed Chief Financial Officer of Global Tools & Storage, a company that more than doubled in size over the decade. In 2016, Mr. McChesney was named President, Hand Tools, Accessories and Storage, a $4 billion company which included the successful integration of Craftsman and Newell tools. In 2019, Mr. McChesney was appointed Chief Financial Officer for Global Tools and Storage and Corporate FP&A, and in 2021 assumed additional responsibility for Corporate Tax and Treasury.

Mr. McChesney also helped launch one of the Stanley Black & Decker’s biggest innovation showcases for its Craftsman brand following its acquisition. The full program represented more than $500 million of incremental innovation at improved margin levels. “In addition to his operations and financial experience, Lee understands the importance of innovation and how best to leverage it,” Mr. Vartanian said. “As we think about innovation at MSA, including our connected technology platforms and our recently launched MSA+ subscription service, I know Lee will bring our team valuable insights into how best to use these assets to generate greater value and market leadership.”

In his role at MSA, Mr. McChesney succeeds the interim chief financial officer Jonathan Buckwho will resume his duties as Chief Accounting Officer.

Mr. McChesney holds a bachelor’s degree in finance from the University of Connecticut. He also earned an MBA from the University of Massachusetts. In addition to his professional responsibilities, Mr. McChesney is actively involved with Junior Achievement of Central Maryland, member of its board of directors and member of its executive committee. He also sits on the Dean’s Advisory Cabinet for University of Connecticut Business school.

About MSA Security

Founded in 1914, MSA Safety Incorporated is the worldwide leader in the development, manufacture and supply of safety products that protect people and facility infrastructure. Many MSA products incorporate a combination of advanced electronics, mechanical systems, and materials to protect users from hazardous or life-threatening situations. The company’s full line of products are used by workers around the world in a wide range of markets, including the oil, gas and petrochemical industry, firefighters, the construction industry, mining and construction. ‘army. MSA’s main products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, helmets and protective clothing for firefighters and fall protection devices. With a 2021 turnover of $1.4 billion, MSA employs approximately 4,800 people worldwide. The company is headquartered north of Pittsburgh in Cranberry Township, Pennsylvania.and has manufacturing operations in United States, Europe, Asia and Latin America. With more than 40 international sites, MSA generates approximately half of its turnover outside North America. For more information, visit the MSA website at www.MSAsafety.com.

SOURCEMSA Security