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Nortech Systems Incorporated, a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced the addition of Stacy Kruse to its board of directors.
Ms. Kruse will contribute strategic capabilities in finance and operations to support Nortech's growth initiatives and profitability objectives. Ms. Kruse currently serves as Chief Operating Officer and Chief Financial Officer of Portico Benefit Services (Portico). She has led innovation oriented and transformational growth strategies, while staying true to the Portico's mission. Ms. Kruse leverages a strong financial and marketing background, previously serving as CFO & Treasurer at Wilsons Leather, Director of Finance at US Bank and Director of Operations at Carlson Marketing Group. Ms. Kruse served on the Washburn Center for Children Board of Directors. In 2018, she was recognized as a Twin Cities CFO of the Year by the Minneapolis St. Paul Business Journal. Ms. Kruse is an independent director and qualified as an "audit committee financial expert." She will serve as Chair of the Audit Committee.
David Kunin, Chairman of the Board stated, "Stacy joins a strong board and I am confidentshe will be a valuable partner with management."Jay Miller, Nortech System's president and CEO, added, "We are delighted to welcome Ms. Kruse to our board of directors. She comes to Nortech not only with a strong financial background but with impressive strategic skills and experience that will help Nortech face future challenges that come with our growth objectives."
In March of 2021, Kathleen (Kitty) Iverson notified the Board that for personal reasons, she would not stand for reelection. Ms. Iverson's term as a director ended at the conclusion of the annual meeting of shareholders of the Company on May 13, 2021.
"Kitty has been a critical member of the Nortech board for six years," noted David Kunin, "She has not only been the chair of the Audit committee but also a steady and very knowledgeable voice in the boardroom."Jay D. Miller, added, "She has overseen a great number of significant positive changes during her tenure on Nortech's board, but notably will be leaving Nortech with a much stronger balance sheet that positions the company well for future growth."
Nortech uses intelligence, innovation, speed, and global expertise to provide high-quality, high performance engineering and manufacturing solutions to resolve our customers' most important challenges to be leaders in secure, reliable digital connectivity & data management. Nortech strives to be a premier workplace that fosters valued relationships internally and in our communities.