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Stoops, now vice president of finance, will succeed James C. Kerr as chief financial officer while Kerr stays on as senior adviser before retiring.
- The Gorman-Rupp Company announced on Saturday that Executive Vice President and Chief Financial Officer James C. Kerr will retire after 10 years, with Vice President of Finance Ronald F. Stoops succeeding him effective Oct. 1, 2026.
- Stoops joined Gorman-Rupp in 2020 and has held various financial roles, including Vice President of Finance. He earned a B.S. in Business Administration with specialization in Accounting and Finance from The Ohio State University, Fisher College of Business.
- Kerr joined the company in 2016 and served as CFO since 2017, guiding strategic planning and acquisition capabilities to new levels. He will assist with the transition while serving as a senior advisor until his retirement.
- CEO Scott A. King thanked Kerr for his "hands-on approach, depth of experience, and strategic acumen," which contributed to Gorman-Rupp's success during tremendous growth and profit improvement. Gorman-Rupp designs and manufactures pumps and liquid-handling systems for diverse global industries.
- Management expects Stoops will continue Kerr's work to capitalize on growth opportunities ahead. Gorman-Rupp serves diverse sectors including agriculture, fire protection, and heating, ventilating, and air conditioning applications globally.
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Gorman-Rupp announces Stoops' promotion in CFO succession plan
MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) has announced that James C. Kerr, Executive Vice President and Chief Financial Officer, will be succeeded as Chief Financial Officer by current Vice President of Finance, Ronald F. Stoops, effective Oct. 1, 2026. Kerr will assist with the transition and will continue to serve as a senior advisor […]
The SLB recorded revenue growth during the second quarter, with the increase in activity off-shore and the strong demand in its rapidly expanding data centers business helping to compensate for the continuous interruptions in the Middle East. Exclusive material for subscribers. To have full access, access the link of the material and register.
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