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KLR Executive Search Group Places Treasurer at Kadant, Inc.

March 05, 2019

KLR Executive Search Group, a national retained executive search firm, is pleased to announce the successful appointment of Orrin Bean, Treasurer at Kadant, Inc.

Mr. Bean, an experienced Treasury Executive, will oversee all banking relationships, cash management, foreign currency, risk manage­ment, and debt related activities and events on a worldwide basis. He will ensure that Kadant has continued access to both adequate and appropriate capital to support operations and acquisitions.

Prior to joining Kadant, Mr. Bean held various treasury and finance positions with increasing responsibility with EMC Corporation, Boston Scientific, Schering-Plough, and Chase Manhattan Bank. He is a Chartered Financial Analyst.

Due to Sue's extensive efforts up front in the search process, we had six excellent, hirable candidates to choose from. It became clear to us that in every search, Sue digs deep for information from both sides of the hiring equation, and it pays off. Our new treasurer embodies everything we were looking for to fill this important position. The KLR Search process allowed us to meet and exceed our hiring goals while allowing our executive team to continue normal business. - Michael McKenney, CFO, Kadant, Inc.

About Kadant, Inc.

Kadant Inc. (NYSE: KAI is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. Kadant’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant, Inc. offers innovative products and technologies that help reduce energy consumption, improve water management, and enhance efficiencies for long-term sustainability. Based in Westford, MA, Kadant operates in 20 countries with 2,500 employees worldwide. With over $500 million in annual revenue for 2017, Kadant brand products and services are sold through subsidiaries located in North America, South America, Europe, and Asia. Kadant’s 2017 revenue was broken down as follows: North America (46%), Europe (31%), Asia (15%), and other locations (8%).

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