Allient Inc. (Nasdaq: ALNT) disclosed that Senior Vice President and Chief Financial Officer, Michael R. Leach, will retire at the conclusion of April 2024. Leach, who has been an integral part of Allient for nearly nine years, conveyed his retirement plans to the company, prompting an ongoing search for his successor.
Dick Warzala, Chairman and CEO of Allient, acknowledged Leach’s pivotal role in fortifying the company’s financial framework to facilitate growth. Warzala emphasized Leach’s contributions in overseeing eleven acquisitions within the last eight years. Additionally, Warzala commended Leach’s adept leadership in nurturing a robust global team, positioning the company favorably to execute its strategy aimed at achieving escalating margins and reaching a revenue milestone of $1 billion in the future.
Expressing gratitude for Leach’s foresight in planning his retirement and ensuring a seamless transition, Warzala lauded their professional collaboration and personal camaraderie. He extended best wishes to Leach on behalf of the Board, management, and the company’s extensive global workforce.
In response, Michael R. Leach expressed his appreciation for the privilege of serving as Allient’s CFO. Leach acknowledged the opportunity to collaborate with an exceptional team, including the Board, leadership cadre, direct reports, and global associates. Leach expressed optimism about Allient’s promising future, citing the expansive potential within the Motion, Controls, and Power platforms. He affirmed his commitment to facilitating a smooth handover to his successor while eagerly anticipating the company’s continued growth and prosperity.
Leach’s impending departure will mark the conclusion of a tenure marked by strategic financial stewardship and collaborative leadership at Allient Inc. The company is actively engaged in the process of identifying a new CFO to sustain its trajectory of success in the evolving landscape of precision and specialty motion technology solutions.
