© olivier26 dreamstime.com Business | December 08, 2020
From RWE/Excelerate to Smith – new CFO named
The distributor of electronic components and semiconductors has appointed Nick Bedford to the position of Chief Financial Officer.
Before joining Smith, Nick spent most of his career in the energy sector and served as RWE/Excelerate’s Chief Financial Officer for ten years, he brings with him extensive experience in directing global financial operations in key regions throughout the world. In his new position, Nick will oversee Smith’s global financial operations as the company expands its services and worldwide reach. “Smith’s financial stability has been a cornerstone of our success for more than 35 years,” says Matt Hartzell, Chief Administrative Officer of Smith, in a press release. “We look forward to incorporating Nick’s extensive knowledge, skillset, and guidance into our financial strategy.” Nick is stepping into this role to succeed Smith’s CFO, Michael Weaber, who will be retiring. Weaber has provided more than a decade of service and support to Smith and the Smith family of companies. “Nick brings almost 20 years of expertise to his new role as Smith’s Chief Financial Officer, positioning him as an excellent addition to our executive team,” adds Lee Ackerley, Smith’s Executive Vice President and co-founder. “His leadership of our financial operations will be instrumental as we continue to grow and innovate. It’s easy to find accounting professionals who can handle the basics like treasury and reporting, but it’s much harder to find people who can see the big picture and help the owners to grow the entire business.” Nick has already begun to build the strategy that will support this growth. “I’m very excited to join the team of one of the world’s premier open-market electronic component distributors,” says Nick in the press release. “After nearly two decades in the energy space, it is an exciting change to move into electronics, which are at the forefront of helping drive growth in the world economy.” “I look forward to using my prior energy-commodity trading knowledge from RWE and experience managing global finance teams to help continue to drive Smith forward and expand its global footprint,” Nick concludes.
Henkel acquires Thermexit business from Nanoramic Henkel has completed the acquisition of the Thermal Management Materials business of Nanoramic Laboratories (Nanoramic) headquartered in Boston, Massachusetts, USA, marketed under the brand Thermexit.
Mobix Labs to acquire EMI Solutions Fabless semiconductor company, Mobix Labs, says it has signed a definitive agreement to acquire EMI Solutions, an Irvine-based manufacturer of electromagnetic interference (EMI) filtering products.
Sponsored content by Nordson ELECTRONICS SOLUTIONSDo you know the differences between selective soldering and wave soldering? Wave soldering and manual hand soldering techniques are common, but selective soldering reduces cost while increasing process flexibility for consistent, high-quality soldering results.
Selective soldering offers flexibility to the increased demands of soldering on printed circuit boards (PCBs) with mixed components, including through-hole (THT) and surface mount technologies (SMT).
If you manage a mixed-component PCB soldering process, or your aging equipment or PCB designs are pushing the limits of your wave soldering process, consider selective soldering.
Download our ebook to learn about soldering techniques and how moving to selective soldering reduces cost while increasing process flexibility for consistent, high-quality soldering results.
Hexatronic acquires the data center specialist Swedish Hexatronic Group has signed an agreement to acquire 90% of the shares in UK-based Impact Data Solutions Limited (IDS Group).
Kontron AIS takes over LUCOM As of September first, 2022, Kontron AIS GmbH has taken over LUCOM GmbH and thus strengthen its portfolio as an IIoT solution provider for industrial software and industrial automation.
VinFast and Renesas ink strategic partnership Vietnamese EV maker, VinFast, is expanding its collaboration with Japanese semiconductor company Renesas to include automotive technology development of EVs and delivery of system components.
Intel's close to making final selection for new Italian site The Italian government and Intel have reportedly selected the town of Vigasio in the northeastern Veneto region as their preferred site for the company’s future chip factory in Italy.
Sponsored content by Würth eisosWürth Elektronik takes the noise out of E-Mobility The number of e-mobiles is increasing daily. New cars and light vehicles with electric drives are constantly being developed and brought onto the market. One of the prerequisites for approval is passing an EMC test. Do you need to get to grips with electromagnetic interference in an e-car, a light electric vehicle, or a charging station? Würth Elektronik has the EMC components you need. In addition to ferrites for assembly on cables, cable harnesses and busbars, Würth Elektronik offers ferrites for PCB assembly, common mode chokes and EMI shielding products for e-mobility applications. With many AEC-Q-200 qualified catalogue products produced in IATF-16949 certified facilities from stock, free samples for developers and excellent design-in support, Würth Elektronik shortens your time-to-market.
FPT Software launches chipmaking subsidiary Vietnamese ICT company, FPT Software, announces that it has launched a new chip subsidiary, FPT Semiconductor, meaning that the company is entering the booming semiconductor industry.
Habia Cable opens its brand new Polish production facility Habia Cable has officially inaugurated its new, purpose-built, production facility in Poland.
Astera Labs opens new Vancouver location Connectivity solutions specialist Astera Labs has officially opened Astera Labs Vancouver – a new office and lab to support the company’s development of interconnect technologies for AI and Machine Learning architectures.
Qualcomm's automotive design-win pipeline expands to $30B Qualcomm says that its automotive design-win pipeline has grown to USD 30 billion, driven by increased adoption of the company's Snapdragon Digital Chassis solutions across the auto industry.
Sponsored content by BRADY CorporationEnable a major leap in workplace productivity & efficiency Give every asset a unique digital identity with reliable, industrial-grade RFID labels, printers, scanners and software. Discover Brady’s complete RFID solution and generate considerable efficiency gains.
Henkel expands South Dakota facility Henkel has broken ground on a 35,000 square-foot expansion of its production facility in Brandon, South Dakota. The expanded facility will add new manufacturing muscles and allow Henkel to increase production of thermal interface materials used to manufacture electronics and electric vehicles.
Mouser adds 35+ new manufacturer brands to its line card Mouser Electronics continues to expand its line card by adding 36 new manufacturers through the end of August 2022.
Intelligent Memory expands its reach in Europe The manufacturer of industrial-grade memory product solutions, has won three new strategic distribution partners in Europe – covering the Benelux region, Poland and the UK.
Indium opens the doors to its expanded operations in Rome In late August 2022 Indium Corporation opened the doors to its latest expansion. The company's facility in Rome, New York is now Indium's largest manufacturing center globally in terms of square footage.
onsemi invests $450 million to expand European SiC fab onsemi says that the newly inaugurated expanded silicon carbide (SiC) fab in Roznov, Czech Republic will increase its the company's SiC wafer production capacity by 16 times over the next two years.
One facility upgrade done – on the the next Farnell and Avnet are keeping busy in September. The month marks the opening of its newly-renovated offices in Leeds, as well as the official groundbreaking on a new Avnet distribution center in Bernberg, Germany.
Nürnberg-based LÖKAST is now an official Metcal distributor OK International announces LÖKAST GmbH in Nürnberg is now an official Metcal distributor.
Mycronic to ship SLX mask writer to Asian customer The Swedish manufacturer of production equipment says that it has received an order for an SLX mask writer from an unnamed – new – customer in Asia.
Skeleton’s supercapacitors to power CAF’s new metro units Supercapacitor specialist Skeleton Technologies says that it will supply supercapacitors to the metro units that the Spanish manufacturer CAF will provide to the city of Granada, Spain.
Strong earthquake shakes Taiwan Updated: A 6.8 magnitude earthquake struck Taitung in the southeastern part of Taiwan on Sunday, local time, reports the Central Weather Bureau (CBW), the country's seismological center.
EPC opens new motor drive center of excellence EPC has opened a new design application center near Turin, Italy, to focus on growing motor drive applications based on GaN technology in the e-mobility, robotics, drones, and industrial automation markets.
Murata to set up a new materials joint venture Murata Manufacturing, Ishihara Sangyo Kaisha and Fuji Titanium Industry – a wholly owned subsidiary of Ishihara Sangyo Kaisha – have signed a basic agreement to establish a joint venture to manufacture barium titanate for use in multilayer ceramic capacitors and other products.
Digi-Key enters distribution deal with Schneider Electric Digi-Key Electronics has secured a distribution agreement in North America with Schneider Electric. As a result of this partnership, Digi-Key now offers a selection of Schneider Electric's power, automation and control, and sensor products.
Lam Research opens new center for engineering in India Lam Research has opened a new Center for Engineering in Bengaluru, India – which is said to be the company's most advanced facility in the country to date.
Toshiba resumes partial production following power outage There was a power outage at Japan Semiconductor Corporation’s Iwate Operations, a key production facility of Toshiba Electronic Devices& Storage Corp, on September 11. Since then the company has resumed some of its production.
Enics opens a business development center in Switzerland The new business development center in Baden, Switzerland is said to "ensure excellence in customer service and strong presence in Central Europe".Load more news