Insteel Industries Inc had announced the appointment of Mark A. Carano as Vice President, Chief Financial Officer, and Treasurer effective May 18, 2020. Mr. Carano will be succeeding Michael C Gazmarian, who will be continuing with the Company through July 31, 2020, to assist with the leadership transition.
Mr. Carano had joined Insteel from Big River Steel, where he served as Chief Financial Officer. Prior to joining Big River Steel, Mr. Carano served in senior management roles with Babcock & Wilcox Enterprises, including Senior Vice President, Finance and Controller of their Industrial Segment, Senior Vice President, Corporate Development and Strategy, and Corporate Treasurer. He also has 14 years of investment banking experience serving as a Managing Director with Bank of America Merrill Lynch and in various roles of increasing responsibility with Deutsche Bank and First Union Securities.
Mr. Carano earned a BA from Vanderbilt University and an MBA from Northwestern University’s Kellogg Business School. Insteel is the US’s largest manufacturer of steel wire reinforcing products for concrete construction applications. The company manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement.
Source: prnewswire.com
