Industry News | January 6, 2014

Component Hardware Welcomes New CFO

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Component Hardware Group announced that Frank Probst has joined the company as vice president of finance and chief financial officer. He replaces David Kennedy, who will be retiring after a transition period.

 

With more than 20 years of corporate finance and treasury responsibilities, Probst will lead all aspects of the company's financial operations, information technology, and general administration functions. Most recently, Probst served as CFO for Mini-Circuits, a private Brooklyn-based manufacturer of radio frequency and microwave signaling components and Arch Holdings, a private equity backed extruder of precision aluminum products. He has also served as vice president and corporate controller for Tyco International. He began his financial career with Deloitte and Touche.

 

"Frank comes to us with a wealth of financial, systems, and treasury experience gained from key financial leadership roles starting in public accounting, progressing to a series of senior financial operation positions for Tyco and most recently into private equity backed mid-size manufacturers," says Harry Franze, CEO of Component Hardware. "Frank has a proven track record in leading the financial and administrative efforts of organizations to new levels of operating performance. He will be a tremendous addition to our management team as we continue to grow. I'd also like to thank Dave Kennedy for his contributions to Component Hardware during the past four years. His support was invaluable to us during our merger with JHL and transition to our new investment partners."