Mar 07, 2003 A Circuits Assembly News Item
DDi Corp. (Anaheim, CA), a provider of interconnect services for the electronics industry, has announced the appointment of John Stumpf as chief financial officer. Joe Gisch, the company's current CFO, will become senior vice president, Strategic Planning and Business Development and lead the company's financial restructuring initiatives.
Gisch has served as CFO of DDi since 1995, leading the company's financial activities and merger and acquisition initiatives. In his new position, he will work with the company's financial advisors and lead discussions with its senior lenders and noteholders to achieve a balance sheet restructuring that will reduce debt and improve DDi's financial health.
Stumpf brings over 15 years of experience in the financial and accounting arenas to the position. He has served as DDi's corporate controller and vice president of finance since 1998 and has played a vital role on the merger evaluation and integration team leading to several acquisitions. Prior to joining DDi, Stumpf was assistant vice president of finance accounting at Avco Financial Services, a multinational subsidiary of Textron, Inc., with responsibility for operational accounting and financial reporting.
"John has been an integral part of the management team and brings a wealth of experience to his new role," said Bruce McMaster, CEO of DDi. "As we move to address the company's long term financing needs, John will manage the company's day-to-day financial operations while Joe spearheads our financial restructuring efforts."
www.ddiglobal.com
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