Leading middle market business owner Compass Diversified Holdings (CODI) recently announced the promotion of its Director of Financial Reporting, Ryan J. Faulkingham, to Chief Financial Officer (:CFO). Faulkingham will assume the new responsibilities from Nov 30, 2013 after the current CFO James J. Bottiglieri steps down from his position on the same date.
Faulkingham has a vast experience at the helm of the company and its subsidiaries in his existing position. The newly appointed CFO is expected to drive Compass Diversified to newer heights with his leadership traits, expertise and over 15 years of experience in finance and auditing. We believe that Faulkingham’s sector know-how will prove beneficial for Compass Diversified and unlock further value.
With experiences in companies like Merrill Lynch & Co, where Faulkingham prepared regulatory filings, performed technical accounting research and implemented policies, he is expected to revamp Compass Diversified and augment its revenues going forward. He is expected to emulate similar success in Compass Diversified by judiciously investing for organic growth initiatives and accretive acquisitions.
Headquartered in North America, Compass Diversified is engaged in acquiring controlling stakes in small to middle market companies. The company seeks to invest in industries such as manufacturing, distribution, consumer products and business services.
Compass Diversified currently has a Zacks Rank #3 (Hold). However, stocks that look promising and are worth a look now in the industry include Honeywell International Inc (HON), Macquarie Infrastructure Company LLC (MIC) and Tyco International Ltd (TYC), each carrying a Zacks Rank #2 (Buy).
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