Schramm Inc. has appointed Thomas Strauss as the company’s chief financial officer (CFO), effective immediately. Strauss replaces Senior Vice President and CFO John Bellis, who will retire effective Oct. 1, 2015, after more than 30 years with the company.
“This is a transformative time for the company as we seek to continue to expand our market share in oil and gas while maintaining our premier position in mining and water,” says Bobby Bryan, president and CEO of Schramm. “I am confident that Tom’s leadership abilities and successful track record with mid-sized and Fortune 25 manufacturing companies will be vital to our continued growth and success.”
For the past five years Strauss has served as the CFO of Arbill Industries Inc., a Philadelphia-based manufacturer and distributor of safety equipment and supplies. In the role, Tom developed and designed innovative revenue and pricing models and a financial control system to assist in monitoring and controlling the company’s financial results and forecasts. He also successfully led a business process management team that developed and implemented continuous improvement projects that increased efficiency and productivity throughout the organization.
“With its great history of American manufacturing excellence and innovation I’ve long admired Schramm and its established legacy,” Strauss says. “It’s gratifying to have the opportunity to play a role in its next phase of innovation and market leadership.”
Strauss has an MBA in international business from Rochester Institute of Technology and has a bachelor’s degree in accounting from St. John Fisher College in Rochester, New York.
“John has played a big part in propelling Schramm’s growth and sustainability over the past three decades,” Bryan says. “We are indebted to his unconditional commitment to the company and wish him well in this next phase of his life.”
Schramm is an API-Q1, ISO-9001:2008 certified manufacturer of mobile, land-based hydraulic drill rigs for applications including energy, minerals, geothermal and water well drilling. Schramm rigs are made in the U.S. and in use in more than 80 countries. For more information, visit www.schramminc.com.