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Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has named David Wells as CFO and VP Finance. Wells succeeds retiring CFO and VP Mark Eisele.
Eisele joined Applied in 1991, was elected VP and controller in 1997, and has served in his current role since 2004. Wells joins Applied from Colfax Corporation – ESAB/Fabrication Technologies where he served as VP and CFO since 2015. The two will work together over the next several months through the company’s 2017 fiscal year-end reporting and fiscal 2018 planning processes. Wells will be elected VP, CFO and treasurer following the filing of the company’s fiscal 2017 annual report on form 10-K at the end of August.