Sequenced Packet Exchange (SPX) Corporation, engineered solutions company, announced that Scott Sproule, VP, chief financial officer and treasurer, plans to retire in late 2020 or early 2021.
The company has initiated a search for his successor, Sproule is committed to supporting a smooth transition period and remaining in his role over the course of the next year.
Gene Lowe, president and CEO of SPX Corporation, commented, “On behalf of the entire board and SPX team, said, I want to thank Scott for his leadership and dedication. His contributions have helped to shape SPX into a much stronger and better positioned company since the spin in 2015. His passion for excellence reflects the core values of our company.”
“While we are excited for Scott to begin pursuing his other interests in retirement, we appreciate his commitment to stay in his role throughout the transition to his successor,” he added.
Sproule commented, “As I look back on my 15 years at SPX, I am very proud of our many accomplishments and I am thankful to our team for their support and hard work as we transformed the company into a much more profitable and valuable enterprise. I am grateful for the many great opportunities that SPX has provided me, but believe that the time is right for me to begin pursuing my other interests, while allowing for a smooth transition to my successor.”
“As we prepare for the next phase of growth, the company remains well-positioned to continue executing on the many exciting opportunities ahead,” he added.