PITTSBURGH, August 1, 2022 /PRNewswire/ — MSA Safety Incorporated (NYSE: MSA) announced today that it has accepted the resignation of its CFO, Kenneth Krauseeffective August 262022. Mr. Krause, who was elected CFO a December 2015leaves to accept the position of CFO in another public company located outside pennsylvania.
Nish Vartanian, MSA Safety’s chairman, president and chief executive officer, said the company has begun a comprehensive external search for a new chief financial officer. Also, MSA Accounting Director Jonathan Buck has been appointed interim financial director.
“On behalf of our Board of Directors and the entire MSA organization, we want to thank Ken for his many contributions to MSA during his 15 years with the company,” said Vartanian. “Ken helped MSA achieve significant improvements in profitability and cash flow, resulting in top quartile performance in terms of share price and total shareholder return,” he said.
About MSA Safety
Founded in 1914, MSA Safety Incorporated is the world leader in the development, manufacture and supply of safety products that protect people and facility infrastructure. Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against dangerous or life-threatening situations. The company’s complete product line is used by workers around the world in a wide range of markets, including the oil, gas and petrochemical industry, fire service, construction industry, mining and the army MSA’s core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective clothing, and fall protection devices. With income from 2021 1.4 billion dollars, MSA employs approximately 4,800 people worldwide. The company is based in the north of Pittsburgh in Cranberry Township, Pa.and has manufacturing operations in the united states, europe, asia i Latin America. With more than 40 international locations, MSA derives approximately half of its revenue from overseas North America. For more information, visit the MSA website at www.MSAsafety.com.
SOURCE MSA Safety