MATCOR Names Jeffrey Stello President and CEO
MATCOR®, Inc., a cathodic protection and corrosion prevention engineering design firm, has appointed Jeffrey Stello president and chief executive officer. Stello assumes the responsibilities previously held by William Schutt, founder, who has served as president and chief executive officer for nearly 35 years and will continue with the company as chair.
During the past 20 years, Stello has held several executive level positions with operational, financial, and general management responsibilities. His expertise in international business, capital fundraising, business development, and mergers and acquisitions integration will be valuable assets to the company.
“Jeff is a results-oriented individual with the skills and experiences necessary to lead this company through its next stage of growth,” says Schutt. “I am pleased to bring someone on board with the financial and operational savvy needed to take advantage of the diverse market opportunities that exist both domestically and internationally while we continue to expand our product and service offerings.”
“MATCOR has a strong foundation of expertise in the cathodic protection industry and is well-positioned to serve the industries that are expanding and rebuilding the world’s infrastructure”, added Stello.
Stello most recently served as managing director of Charlestown Capital Partners, a transaction advisory firm serving high-growth technology and life science clients. Prior to that he served in various leadership roles at successful high-growth companies such as Precimed SA, Visalign, GMIS and SMS (now part of Siemens).