SigmaTron Announces James E. Barnes Promoted to President
October 14, 2021 | GlobeNewswireEstimated reading time: 1 minute
SigmaTron International, Inc., an electronic manufacturing services (EMS) company, announced that Gary R. Fairhead, Chairman of the Board, Chief Executive Officer and President of SigmaTron International, Inc. stepped down as President effective October 13, 2021. He plans to remain active in his positions as Chairman of the Board and Chief Executive Officer. The Company’s Board of Directors has appointed James E. Barnes as President of the Company, also effective October 13, 2021. Mr. Barnes has been with the Company since October 2004 and has risen through the ranks, most recently holding the position of Executive Vice President, Operations and Global Accounts. His experience at SigmaTron has ranged from manufacturing operations to program management to business development. Through his business development activities, he has worked with all seven manufacturing locations as well as the Company’s international purchasing office in Taiwan. He holds a BA in Business Administration from Illinois State University in 2004 and a MBA from DePaul University in 2010 in Operations Management.
Commenting on the leadership transition, Fairhead stated, “This was an important next step for the Company as it executes its strategic vision. We are hopeful that we will be in a position to close our Wagz transaction shortly. The addition of Wagz, which would report to me, and the growth of our EMS business required the Company to fill this position with someone who can continue to drive the recent trends we have seen and capitalize on the opportunities we see in the future. The Board is pleased that we had several viable internal candidates for this position and Jim’s promotion should result in a seamless transition as we move forward.”
Commenting on his promotion, Barnes stated, “I appreciate the Board’s offer to take on the challenges that come with this position and the confidence and trust they have shown in my ability. I’m excited about the opportunities that we believe we see in the EMS marketplace and look forward to continuing to work with our seasoned and exceptional SigmaTron team.”
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
Indium Corporation to Showcase Sustainable Solutions for Power Electronics at PCIM
05/17/2024 | Indium CorporationAs one of the leading materials providers to the power electronics assembly industry, Indium Corporation® will proudly showcase a selection of innovative products at PCIM Europe, June 11-13, in Nuremberg, Germany.
Siemens, Foxconn Team Up to Optimize Forward-thinking Manufacturing
05/16/2024 | FoxconnSiemens AG, a leading technology company, and Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer, have signed a memorandum of understanding (MoU) to drive digital transformation and sustainability in smart manufacturing platforms.
IPC Releases May 2024 Global Sentiment of the Electronics Supply Chain Report
05/16/2024 | IPCSentiment among electronics manufacturers fell this month, after hitting a new high in April. Despite the decline, sentiment remains historically high according to IPC’s May Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Sypris Reports Q1 2024 Results; Revenue Up 10%
05/15/2024 | Sypris Solutions Inc.The Company’s first quarter 2024 consolidated revenue increased 10.1% to $35.6 million compared with the prior-year quarter, representing the 11th quarter of double-digit year-over-year growth during the past 12 quarterly periods.