Bunting Magnetics Co. appoints chief financial officer

Bunting Magnetics Co., Newton, Kansas, has announced the appointment of Steven Peiffer as chief financial officer. He brings more than 10 years of experience to Bunting Magnetics, including a background in accounting, finance, analysis and acquisitions, the company says

Peiffer

Peiffer will oversee financial reporting, budgets, accounting and human resources for all four Bunting Magnetics divisions: Bunting Magnetics Co. (Newton); Bunting’s Magnet Materials Division, including its e-commerce site, buymagnets.com (Elk Grove Village, Illinois); Bunting Magnetics Europe (Berkhamsted, U.K.); and Magnet Applications Inc. (DuBois, Pennsylvania).

He also will serve on the company’s executive team and report to President and CEO Bob Bunting.

“Steven is an accomplished accounting executive with significant financial experience and I’m excited to welcome him to the company,” Bunting says. “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, Peiffer most recently served as senior manager, assurance services, at Allen, Gibbs & Houlik, a leading accounting firm located in Wichita, Kansas.

“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,” Peiffer says. “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.”