Precision Castparts Selects New CFO

Hagel to replace Larsson later this year

William D. Larsson is retiring from Precision Castparts Corp, where he has been senior vice president and chief financial officer. He will be replaced by the company’s current v.p.-finance, Shawn Hagel.

Portland, OR-based Precision Castparts produces investment castings, airfoil castings, and forgings for jet aircraft engines and industrial gas turbines. It also produces engineered fasteners for aerospace, automotive, and other industrial markets, and it supplies alloys and ingots to casting and forging operations.

"We want to thank Bill for all his hard work during his long association with Precision Castparts Corp.," stated Mark Donegan, chairman and CEO of PCC. "He's been a valued contributor here for 28 years, most of which he served as our chief financial officer. Over that long period, SEC regulations have changed, and GAAP standards have taken strange turns, but Bill stayed on top of it all. He provided guidance to me, my predecessor, and the board, and we all knew that guidance could be trusted. And, along the way, he has built a solid financial team around him, extending from the corporate office to our manufacturing operations."

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish