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Sypris Solutions, Inc. announced the appointment of Richard L. Davis, the Company’s Vice President, to the position of Vice President & Chief Financial Officer effective October 12, 2022. Davis will remain located in Louisville, Kentucky and will report to Jeffrey T. Gill, the Company’s Chairman, President & Chief Executive Officer.
Davis has served as Vice President of Sypris since January 2018 and as Vice President Audit and Compliance from August 2015 to December 2017. Prior to 2017, Davis served in a number of increasingly responsible executive roles since joining the Company in 1985. Davis holds a BS degree in Business Administration from Indiana University and an MBA from the University of Louisville. He is a certified public accountant in the state of Kentucky.
Davis will succeed Anthony C. Allen, the Company’s current Vice President and Chief Financial Officer, who will serve as Vice President and Treasurer effective October 12, 2022. The planned transition is expected to be seamless, with both individuals having worked closely together for almost 40 years.
Commenting on the announcements, Jeffrey T. Gill, Chairman, President & Chief Executive Officer of Sypris Solutions, said, “We are very pleased to announce the transition of Rich to the role of Chief Financial Officer. He has a long, accomplished history with the Company. During his tenure, Rich has provided leadership through both his in-depth knowledge of financial matters, as well as through his comprehensive knowledge of our operations.”
“On behalf of the Board of Directors and the entire Sypris team, I want to thank Tony for his leadership and dedication to Sypris, not only as the Company’s Chief Financial Officer over the past seven years, but throughout his 36-year career with Sypris. We are pleased that Tony will continue to serve the Company in a role that will provide him with more personal flexibility in the future. We look forward to working closely together with Tony for many more years to come.”