LAKE FOREST, Ill.--(BUSINESS WIRE)--Aug. 31, 2016--
IDEX CORPORATION (NYSE:IEX) – announced today that Michael J.
Yates has been appointed interim Chief Financial Officer of the Company,
effective September 9, 2016.
Mr. Yates has been at IDEX for 11 years and has served as Vice President
and Chief Accounting Officer since 2010. Prior to that, he was Vice
President and Controller for five years. Mr. Yates held positions with
PriceWaterhouse Coopers and KPMG for 17 years prior to joining IDEX. Mr.
Yates received his Bachelor of Science degree in accounting from Indiana
University at Bloomington.
IDEX Chairman and Chief Executive Officer Andy Silvernail stated, “Mike
is an outstanding finance executive with over a decade of experience
leading IDEX finance functions. Mike has been a key player in building
our strong and deep finance team, and I am delighted to have a person of
his caliber to lead our finance organization in this interim period.”
Heath A. Mitts has resigned from his position as Senior Vice President
and Chief Financial Officer of IDEX, effective September 9, 2016. Mr.
Mitts has accepted the position of Executive Vice President and Chief
Financial Officer of TE Connectivity Ltd. (NYSE:TEL).
Mr. Silvernail thanked Heath, saying “Heath leaves a wonderful legacy at
IDEX of a strong finance team, robust processes and systems, and a track
record of excellence. He has also been a true executive partner and
friend. All of us at IDEX wish Heath well and thank him for his great
contributions.” Mr. Silvernail said that IDEX has begun a search to
consider both internal and external candidates for the Chief Financial
Officer role.
About IDEX
IDEX Corporation is an applied solutions company specializing in fluid
and metering technologies, health and science technologies, and fire,
safety and other diversified products built to its customers’ exacting
specifications. IDEX has annual revenues in excess of $2 billion and
sells its products in niche markets to a wide range of industries
throughout the world. IDEX shares are traded on the New York Stock
Exchange and Chicago Stock Exchange under the symbol “IEX”.
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Source: IDEX Corporation
IDEX Corporation
Heath A. Mitts
Senior Vice President –Chief
Financial Officer
847.498.7070