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SMTC Strengthens Leadership for Future Growth: Ed Smith Promoted to Executive Chairman; Mike Buseman Joins as CEO
May 15, 2024 | BUSINESS WIREEstimated reading time: 1 minute
SMTC Corporation, a leading North American provider of electronics manufacturing services, is pleased to announce the appointment of Mike Buseman as President & Chief Executive Officer, effective May 13, 2024. Mr. Buseman will report to the SMTC Board of Directors and succeeds Ed Smith, who is being promoted to Executive Chairman of the Board.
Mr. Buseman brings over 30 years of experience in the electronics industry, having most recently served as President and Chief Executive Officer of Zentech Manufacturing. Previously, he held C-level and senior leadership positions at major global companies including Plexus, Avnet, and Benchmark Electronics.
Ed Smith, who has served as CEO since 2017, will continue to provide strategic leadership from his new position as Executive Chairman. During his tenure, SMTC achieved industry-leading growth and more than doubled its revenue on a pro forma organic basis.
"Mike is an exceptional leader whose proven track record of executing strategic initiatives and his deep expertise in manufacturing operations and supply chain management make him the ideal choice to guide SMTC into the future," said Ed Smith. "Having known Mike for over a decade, I look forward to working closely with him in my new role to further our momentum and success."
"I am honored to partner with Ed and join SMTC's outstanding leadership team and talented organization," stated Mike Buseman. "With exciting opportunities ahead, I am committed to building on the strong foundation that Ed has established, driving our strategy forward, and delivering superior outcomes to our customers, employees, and all partners and stakeholders."
Upon joining SMTC, Mike Buseman will also become a member of the company’s Board of Directors.
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