Oil patch bits: Foss welcomes new chief financial officer

Petroleum News

Foss Maritime Co. announced June 4 that former vice president of finance at Esterline Technologies, Mike Welch, has joined the company as chief financial officer. Welch will lead the company’s financial functions and performance while supporting the organization’s long-range strategic goals.

Prior to joining Foss, in his role as VP of finance at Esterline Control & Communication Systems, Welch oversaw the financial performance of five business units, managing roughly $350 million in sales. He led a team of nearly 40 people including five direct reports. In his fifteen years with Esterline Welch took on numerous roles. As the VP of finance, he helped develop and implement new strategies and programs, resulting in improved profitability.

“I’m really looking forward to having Mike on our team,” said John Parrott, president and CEO of Foss Maritime. “We were impressed with his work at Esterline and are excited to have him on board.”

Along with a commitment to safeguarding company financials while building and supporting strong teams, he is also focused on operating with the customer in mind.