Noble Iron named Thomas Caldaroni chief financial officer effective Oct. 22. Caldaroni was formerly global director for credit and portfolio management activities at Terex Financial Services, a division of Terex Corp. Terex is ranked among the world’s top 10 revenue-generating construction and industrial equipment manufacturers. Caldaroni also held leadership roles at Pitney Bowes Financial Services and at DaimlerChrysler Capital, where he helped develop the company’s U.S.-based non-captive financing programs.
In connection with his appointment as CFO, Caldaroni will be provided with a share purchase loan to purchase $150,000 of common shares of the company, and will be granted 125,000 options to purchase common shares for a period of 10 years from the date of the grant.
Former Texada CFO Jim McInnis will remain with the company in an advisory role.
“[Caldaroni’s] extensive experience in structuring financial relationships and providing growth opportunities to organizations in the dealer and rental verticals will be a tremendous asset to Noble Iron,” said CEO Willie Swisher. “We look forward to working with Tom on the many opportunities we anticipate going forward.”
“Our aim is to assemble a Noble Iron dream team comprised of talented and visionary individuals working together to build a remarkable, multi-billion dollar company in the equipment industry. We have searched for the right CFO who could diligently manage the financial controls of a growing public company; represent Noble Iron effectively with stakeholders, potential partners and capital markets; and engage fully in strategic thinking surrounding growth and innovation,” said Noble Iron executive chairman Nabil Kassam.
Houston-based Noble Iron operates in three complementary sectors: equipment rental, equipment distribution and enterprise software for the construction and industrial equipment industry.