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Libra Industries Hires Experienced Financial Controller

Apr 23, 2021

Libra Industries today announced the appointment of Terry Townsend as a Financial Controller.

Townsend will work alongside John Pitcairn through his retirement in late March/Early April. He will be responsible for all aspects of financial control within Libra Industries and will focus on monthly reporting, close activities, account reconciliations, cost accounting, managing audits and collaborating with all other functions in Mentor, Dallas and Guaymas.

Townsend joins Libra Industries, having worked for Capital Works in the past for a company in Indiana called Magna-Tech. This was sold by Capital Works in 2017 and Townsend was CFO there and assisted in the transition of the company to its new PE ownership. Townsend has a multitude of experiences working for Cummins, Johnson Controls, Magna-Tech, Caterpillar and KPMG. He joins Libra Industries from his current position of Business Process Modeling for the US Army Financial Management Command.

A Six Sigma Green Belt, Townsend holds a B.S in Accounting from Butler and an MBA from Indiana Wesleyan University.

Libra Industries continues to invest to provide customized manufacturing solutions to help make its customers more competitive and improve their profitability. For more information about Libra Industries, visit

Libra Industries is a leading provider of Systems Integration & Electronic Manufacturing Services (EMS), serving OEMs with complex or technologically sophisticated manufacturing requirements in a broad range of industries including Medical, Mil/Aerospace, Industrial, Semiconductor, Robotics and Communications. Six world-class manufacturing facilities allow Libra Industries to provide customers with manufacturing flexibility including complete system build, module and subassembly production, as well as simple to complex PC board assembly. With an ongoing commitment to investment in people, quality systems, and the latest manufacturing equipment and processes, Libra Industries is committed to managing their clients’ products from initial design and prototype to full production; assisting their clients in their efforts to improve time to market, reduce total systems cost, and increase quality.

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