Bunting Magnetics Co. appoints new CFO
Bunting Magnetics Co., the leader in magnet and magnetic equipment design, manufacturing and distribution, announced the appointment of Steven Peiffer as the company’s Chief Financial Officer. Peiffer brings more than ten years of experience to Bunting Magnetics, including an extensive background in accounting, finance, analysis and acquisitions.
Peiffer will oversee financial reporting, budgets, accounting and human resources for all four Bunting Magnetics divisions: Bunting Magnetics Co. (Newton, KS); Bunting’s Magnet Materials Division, including its e-commerce site buymagnets.com (Elk Grove Village, IL); Bunting Magnetics Europe (Berkhamsted, UK); and Magnet Applications, Inc. (DuBois, PA).
He will also serve on the company’s executive team and report to President & CEO Bob Bunting, who made the announcement.
“Steven is an accomplished accounting executive with significant financial experience and I’m excited to welcome him to the company,” said Bunting. “He brings the financial background Bunting needs as we continue to advance the growth and profitability of our company. With Steven at the finance helm, I’m confident we’ll be well-positioned to meet our growth goals.”
Based in Newton, Kansas, Peiffer draws on ten years of experience in accounting. Most recently, he was Senior Manager, Assurance Services at Allen, Gibbs & Houlik, a leading accounting firm located in Wichita, Kansas, where he excelled in providing guidance to companies to minimize financial risk and better manage financial resources.
“Bunting Magnetics’ 60-year history and its continued commitment to quality, outstanding service and worldwide growth truly differentiate the company from not only the competition but from other manufacturers,” commented Peiffer. “I am very much excited to be a part of a global company positioned for growth, and to join a management team passionate about long-term financial success.”