Multi Parts Supply names Nannette Cassidy CFO
Multi Parts Supply (MPS) named Nannette Cassidy Chief Financial Officer of Multi Parts Supply Group. With MPS since 2011, Cassidy’s promotion reflects the scope and growth of her corporate responsibilities.
MPS Group President Brian S. Cohn said, “Nannette’s promotion says a lot about the growth MPS is experiencing. It says much more about Nannette. Her competency, knowledge, creativity, negotiation skills, and decisiveness give MPS a serious edge. It also removes a significant amount of work from my plate, allowing me to focus my energy in other areas of the company.”
Cassidy has direct oversight for the corporate finance functions of MPS’ group of companies. Controllership and treasury duties inform MPS’ investment of capital and other physical assets and resources. Cassidy administers the capital structure of MPS, while balancing risk, reward and liquidity. She works closely with the owners and senior management to develop sound economic strategy and identify areas where MPS is most efficient. Working collaboratively, the team strategizes ways to capitalize on the information.
Brian Cohn said, “Nannette has proven extremely adept at projecting the long term financial picture for our group of companies. This provides us the freedom and security to remain strategic but aggressive and nimble in capitalizing on opportunity. Her contributions are a tremendous benefit to our bottom line.”
Prior to joining MPS, Cassidy was vice president of accounting, controller, operations manager and senior treasury analyst for a global multi-conglomerate with annual revenues in excess of $30 billion.
A privately held U.S. company, MPS is a developer and manufacturer of aftermarket auto parts for full line manufacturers and their leading global brands, offering product and program development. Headquartered in Jupiter, Fla., MPS has a fully integrated global network of manufacturing facilities, testing laboratories, logistics, quality control and customer support facilities in Florida, New York, Europe, and China.
Subscribe to Aftermarket Business World and receive articles like this every month….absolutely free. Click here.
