Newton, Kan.-based Bunting Magnetics Co., which specializes in magnet and magnetic equipment design, manufacturing and distribution, has appointed Bill Wagner to the executive leadership team as the CFO. He brings two decades of experience, including an extensive background in accounting and finance in the manufacturing sector.
He will oversee financial reporting, budgets, accounting and human resources for all Bunting Magnetics divisions: Bunting Magnetics Co.; Bunting's magnet materials division, Elk Grove Village, Ill., including its e-commerce site buymagnets.com; Magnet Applications Inc., DuBois, Pa.; and Bunting Magnetics Europe, Berkhamsted, England, including the company's recent acquisition of Master Magnets Ltd., Redditch, England.
"Bill will be an invaluable asset and contributor to our exceptional management team," said President and CEO Bob Bunting. "He brings the financial management and background Bunting Magnetics needs as we continue to advance the global growth, profitability and strategic acquisitions of our company."
Based in Newton, Wagner draws on over 20 years of experience in accounting, budgeting, forecasting and analysis. Most recently, he was CFO at Physicians Development Group/Axiom Healthcare, Wichita, Kan., a developer/operator of senior health care facilities. His experience also reaches into manufacturing as the assistant corporate controller for Spirit AeroSystems Inc., Wichita, a manufacturer of aerostructures for both commercial and defense customers. There, Wagner managed all accounting functions for the Wichita site, as well as consolidations for the entire company, including its worldwide locations.
"Bunting Magnetics has outlined a significant strategic growth plan, including new products, programs, growth markets and acquisitions," he said. "I look forward to helping the 60-year global company continue to build its business and expand its leading worldwide position in magnetics and magnetic products."
