NEWTON, KS – Bunting® Magnetics Co., the leader in magnet and magnetic equipment design, manufacturing and distribution, today announced the appointment of Steven Peiffer as the company’s Chief Financial Officer. Peiffer brings more than ten years of experience to Bunting Magnetics, including an extensive background in accounting, finance, analysis and acquisitions.
Peiffer will oversee financial reporting, budgets, accounting and human resources for all four Bunting Magnetics divisions: Bunting Magnetics Co. (Newton, KS); Bunting’s Magnet Materials Division, including its e-commerce site buymagnets.com (Elk Grove Village, IL); Bunting Magnetics Europe (Berkhamsted, UK); and Magnet Applications, Inc. (DuBois, PA).
He will also serve on the company’s executive team and report to President & CEO Bob Bunting, who made the announcement.
“Steven is an accomplished accounting executive with significant financial experience and I’m excited to welcome him to the company,” said Bunting. “He brings the financial background Bunting needs as we continue to advance the growth and profitability of our company. With Steven at the finance helm, I’m confident we’ll be well-positioned to meet our growth goals.”
Based in Newton, Kansas, Peiffer draws on ten years of experience in accounting. Most recently, he was Senior Manager, Assurance Services at Allen, Gibbs & Houlik, a leading accounting firm located in Wichita, Kansas, where he excelled in providing guidance to companies to minimize financial risk and better manage financial resources.
“Bunting Magnetics’ 60-year history and its continued commitment to quality, outstanding service and worldwide growth truly differentiate the company from not only the competition but from other manufacturers,” commented Peiffer. “I am very much excited to be a part of a global company positioned for growth, and to join a management team passionate about long-term financial success.”
Steven Peiffer, CPA
Chief Financial Officer
About Bunting® Magnetics
Since the company’s 1959 founding, Bunting® Magnetics has led the industry in both durability and performance in its line metal detection, magnetic separation and material handling equipment as well as printing cylinders for several global markets: Recycling, food packaging and processing, feed and grain, plastics, pharmaceuticals, chemicals, offset printing, metal stamping, automobile manufacturing and more. Bunting magnets are also available at buymagnets.com. Bunting Magnetics facilities are located in Newton, Kansas; suburban Chicago, Illinois; DuBois, Pennsylvania; and Berkhamsted, England. For additional information, call 1-800-835-2526 or +44 (0) 1442 875081 or visit buntingmagnetics.com or buntingeurope.com. Follow Bunting on Twitter (@BuntingMagCo) and LinkedIn (Bunting Magnetics Co).