SPX Technologies, Inc.; a diversified, global supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets; has appointed Mark A. Carano as Vice President, Chief Financial Officer and Treasurer, effective from January 3, 2023.
Carano joins SPX from Insteel Industries, Inc, a publicly-traded manufacturer of steel wire reinforcing products for concrete construction applications, where he served as Senior Vice President, Chief Financial Officer and Treasurer.
Before joining Insteel, he served as Chief Financial Officer of Big River Steel LLC, a private equity-owned manufacturer of steel products, from 2019 until its sale to U.S. Steel in 2020. Prior to Big River Steel, Carano served in senior management roles with Babcock & Wilcox, a publicly-held manufacturer of industrial technology, from 2013 to 2018, including Senior Vice President, Finance and Controller of their Industrial Segment and Senior Vice President, Corporate Development and Treasurer.
