logo
Materion Appoints Melissa Fashinpaur Chief Accounting Officer

Materion Appoints Melissa Fashinpaur Chief Accounting Officer

Business Wire5 days ago

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) announced today that Melissa Fashinpaur has been appointed chief accounting officer, effective June 1, 2025.
In her new role, Ms. Fashinpaur will be responsible for all accounting-related functions within the company, ensuring the completeness and accuracy of internal and external financial reporting, developing and implementing global accounting policies and procedures, maintaining a robust framework of internal controls, and developing an appropriate organizational structure to support the company's growth objectives. In addition, Melissa will oversee the global shared services function and lead the company's finance transformation initiatives. She will continue to report to Shelly Chadwick, Vice President and Chief Financial Officer.
'Melissa's extensive background in financial oversight, risk management and compliance, combined with her strong leadership skills and focus on people and process development make her an excellent fit for this position,' said Chadwick. 'She will play a key role in supporting the company as we continue our transformation journey as a global leader in advanced materials.'
Ms. Fashinpaur joined Materion as Vice President, Internal Audit in 2022. Her role was expanded to include Compliance leadership in 2023. She joined Materion from EY where she served as a Principal at the firm following various positions of increasing responsibility since 2001.
Ms. Fashinpaur earned her bachelor's degree in Management Information Systems and Finance from Miami University.
About Materion
Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 people worldwide, serving customers in more than 60 countries.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stephens Reaffirms Equal Weight on AutoNation, Highlights $1.45B Auto Loan Securitization
Stephens Reaffirms Equal Weight on AutoNation, Highlights $1.45B Auto Loan Securitization

Yahoo

time39 minutes ago

  • Yahoo

Stephens Reaffirms Equal Weight on AutoNation, Highlights $1.45B Auto Loan Securitization

On May 24, Stephens reaffirmed its Equal Weight rating and set a $175 price target for AutoNation, Inc. (NYSE:AN). The automobile retailer recently wrapped up its first asset-backed securitization, which Stephens analysts claim is an essential milestone for AutoNation Finance Trust, the company's financial arm. With $1.08 billion funded by non-recourse warehouse debt, AutoNation, Inc. (NYSE:AN) announced that it raked in $1.45 billion in auto loans via AutoNation Finance at the end of the first quarter of 2025, representing a 74.4% advance rate. This new securitization deal is projected to release about $164 million in capital for the company. The asset-backed securities notes carry a weighted-average interest rate of 4.9%, which is slightly lower than the 5.4% interest rate on the non-recourse warehouse line of credit that had been previously in use. With that in mind, Stephens estimates that the new approach could lead to an additional $123 million of capital for the company this year, assuming a 98% advance rate. One of America's largest car retailers, AutoNation, Inc. (NYSE:AN) sells both new and used cars through a network of franchises. While we acknowledge the potential of AN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AN and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None.

Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT
Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT

Yahoo

time43 minutes ago

  • Yahoo

Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT

On May 27, analysts at Goldman Sachs upped Cummins Inc. (NYSE:CMI)'s stock from 'Neutral' to 'Buy,' raising its price objective to $431 from the prior target of $410. This upgrade stems from the expectations of structurally higher profitability in the company's Power Systems business, thanks to the new pricing structure extending beyond data centers. A mechanic standing proudly in a factory floor surrounded by the engines the company produces. The upgrade also comes after the favorable outlook related to the Environmental Protection Agency (EPA)'s regulations for 2027. Additionally, the firm highlighted the observation that US truck demand expectations are now significantly lowered. Cummins Inc. (NYSE:CMI) reported sales of $1.6 billion from its Power Systems segment. The revenues in North America went up by 15%, while international sales rose 22%, primarily because of higher power generation demand, mainly for the data center market. In its Power Systems business, Cummins Inc. (NYSE:CMI) witnessed strong performance in both EBITDA dollars and percentage in Q1 2025 as it continues to benefit from operational improvements and strong end markets. The company plans to invest over $1 billion in its engine and power systems manufacturing operations in the US over the next few years. The new price target demonstrates Goldman Sachs' confidence in the company's ability to tackle the current market conditions. As the company evaluates the current manufacturing footprint and the exposure to tariff regulations, Cummins Inc. (NYSE:CMI) believes that it remains well-placed because it mainly produces engines and gensets in the markets where it sells them. Cummins Inc. (NYSE:CMI) is the leading manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, apart from standby and prime power generators. While we acknowledge the potential of CMI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.

CDB Aviation Subsidiary CDBL FUNDING 1 Prices USD 700 Million Dual-Tranche Senior Unsecured Notes
CDB Aviation Subsidiary CDBL FUNDING 1 Prices USD 700 Million Dual-Tranche Senior Unsecured Notes

Yahoo

time43 minutes ago

  • Yahoo

CDB Aviation Subsidiary CDBL FUNDING 1 Prices USD 700 Million Dual-Tranche Senior Unsecured Notes

DUBLIN, May 27, 2025--(BUSINESS WIRE)--CDBL FUNDING 1, a wholly owned subsidiary of CDB Aviation Lease Finance Designated Activity Company ("CDB Aviation"), successfully priced a dual-tranche offering of senior unsecured notes (the "Notes") totaling USD 700 million on May 20, 2025. The Notes were issued under its USD 3.0 billion Medium Term Note Program in Regulation S format, with the full support of its guarantor, CDB Aviation, and the keepwell and asset purchase deed provider, China Development Bank Financial Leasing Co., Ltd. (HKEX: 1606). The offering consists of: 5-year USD 400 million senior fixed rate notes bearing a 4.750% coupon, priced at T5+75bps, representing a 40bps tightening from IPG; and 5-year USD 300 million senior floating rate notes, priced at SOFR + 80bps, tightening by 50bps from IPG. The transaction attracted strong demand from a broad base of global investors, with the orderbook peaking at over USD 4 billion and final allocations made to approximately 100 institutional accounts. "This marks CDB Aviation's return to the international bond market after a four-year hiatus," said Jie Chen, Chief Executive Officer of CDB Aviation. "This issuance is a key milestone in executing our long-term funding strategy. By diversifying our funding sources, optimizing our debt structure, and having a better matching of assets with our liabilities, we are positioning CDB Aviation for sustainable, long-term growth." The deal was jointly led by a consortium of leading global financial institutions. Standard Chartered Bank, Morgan Stanley, Goldman Sachs (Asia) L.L.C., China CITIC Bank International, China Securities International, and Bank of China acted as Joint Global Coordinators, Joint Lead Managers, and Joint Bookrunners. Additional Joint Lead Managers and Bookrunners included HSBC, China Everbright Bank Hong Kong Branch, Crédit Agricole CIB, Industrial Bank Co., Ltd. Hong Kong Branch, DBS Bank Ltd., and China Minsheng Banking Corp., Ltd. Hong Kong. Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "may," "will," "seek," "continue," "aim," "anticipate," "target," "projected," "expect," "estimate," "intend," "plan," "goal," "believe," "achieve" or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing") a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institutions. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). View source version on Contacts Media contact:Paul +1 612 594 9844

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store