Vincent Petrella - Applied Industrial Independent Director

AIT Stock  USD 273.90  6.59  2.35%   

Director

Mr. Vincent K. Petrella is an Independent Director of Applied Industrial Technologies, Inc. Mr. Petrella is Executive Vice President, Chief Financial Officer and Treasurer of Lincoln Electric Holdings, Inc. . Lincoln Electric engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. As one of Lincoln Electrics top executives, Mr. Petrella has helped lead the companys global expansion over the last decade since 2012.
Age 60
Tenure 12 years
Address 1 Applied Plaza, Cleveland, OH, United States, 44115
Phone216 426 4000
Webhttps://www.applied.com
Petrella leadership and operating experience, and his knowledge of industrial distribution in North America and abroad, make him a key contributor to discussions about Applied’s strategy. In addition, Mr. Petrella’s finance and accounting background and his service as Chief Financial Officer for a multibillion dollar public company make him a valued member of the Board and chairman of the Audit Committee.

Applied Industrial Management Efficiency

The company has Return on Asset of 0.1061 % which means that on every $100 spent on assets, it made $0.1061 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2336 %, implying that it generated $0.2336 on every 100 dollars invested. Applied Industrial's management efficiency ratios could be used to measure how well Applied Industrial manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Applied Industrial's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.14 in 2024, whereas Return On Capital Employed is likely to drop 0.12 in 2024. At this time, Applied Industrial's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 3.1 B in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 107.9 M in 2024.
Applied Industrial Technologies has 734.94 M in debt with debt to equity (D/E) ratio of 0.53, which is OK given its current industry classification. Applied Industrial has a current ratio of 3.02, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Applied to invest in growth at high rates of return.

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Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. The company was founded in 1923 and is headquartered in Cleveland, Ohio. Applied Industrial operates under Industrial Distribution classification in the United States and is traded on New York Stock Exchange. It employs 6100 people. Applied Industrial Technologies (AIT) is traded on New York Stock Exchange in USA. It is located in 1 Applied Plaza, Cleveland, OH, United States, 44115 and employs 6,549 people. Applied Industrial is listed under Trading Companies & Distributors category by Fama And French industry classification.

Management Performance

Applied Industrial Leadership Team

Elected by the shareholders, the Applied Industrial's board of directors comprises two types of representatives: Applied Industrial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied Industrial's management team and ensure that shareholders' interests are well served. Applied Industrial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Applied Industrial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christopher Macey, Principal Accounting Officer, Corporate Controller
Ryan Cieslak, Director of Investor Relations and Treasury
David Wells, Vice President, Chief Financial Officer, Treasurer
Jason Vasquez, VP Marketing
Jon JD, General VP
Dan Komnenovich, Independent Director
Madhuri Andrews, Independent Director
Sergio Nevrez, President Mexico
Neil Schrimsher, CEO and President Director and Member of Executive Committee
Richard Wagner, Chief Controller
Peter Wallace, Non-Executive Independent Chairman of the Board
Vincent Petrella, Independent Director
Warren Hoffner, Vice President, General Manager - Fluid Power and Flow Control
Fred Bauer, Vice President, General Counsel, Secretary
Julie Kho, Manager Relations
Robert Pagano, Independent Director
Mary Hall, Independent Director
Joe Mangiapane, Managing Zealand
Peter Dorsman, Independent Director
Joe Raver, Independent Director
Kurt Loring, Chief Human Resource Officer, Vice President
Mike Allen, LP Technologies

Applied Stock Performance Indicators

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Thematic Opportunities

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