Buffalo, New York-based manufacturer Allient will begin its search for a new Chief Financial Officer.

On Nov. 20, Allient — a manufacturer of precision and specialty motion, controls and power products and solutions — announced that Michael Leach, Senior Vice President and CFO, informed the company of his intent to retire at the end of April 2024.

“Mike has been instrumental in helping build the financial structure necessary to support our company’s growth, including the completion of eleven acquisitions over the last eight years,” said Dick Warzala, Chairman and CEO, in a news release. “More importantly, the outstanding global team he has developed has continued to strengthen under his leadership and puts us in an excellent position to support and execute our strategy to realize steadily improving margins and $1 billion in revenue in the future.”

Leach said the company has a “bright future with a tremendous opportunities to leverage the newly expanded strategy of Motion, Controls and Power platforms,” and that he will support the transition of his responsibilities to the successor.