Ascent Industries Co. announced the appointment of Bill Steckel as chief financial officer, effective immediate. He succeeds Aaron Tam, who has resigned as CFO.

Mr. Steckel brings to Ascent more than two decades of extensive experience in operational finance, financial planning and analysis and treasury across a wide range of industries, as well as expertise in capital markets and M&A. Prior to joining Ascent, he spent over five years in multiple CFO assignments for manufacturing, distribution and technology companies. During these executive assignments, Mr. Steckel was tasked with leading a variety of transformative efforts, including building out multiple finance organizations, developing operational metrics to improve sales and enhance profitability, carving out and restructuring operating segments, implementing new ERP systems and optimizing balance sheets. Mr. Steckel was also executive vice president and CFO at Telular Corp., a technology leader in IoT solutions for the commercial telematics, security and home automation markets.

Mr. Steckel previously served as CFO for Great Lakes Dredge & Dock Corporation. In this role, Mr. Steckel led approximately 70 team members across the finance, IT, and purchasing departments in achieving significant revenue and EBITDA growth, while reducing the company's net debt position. He was also instrumental in remediating material weaknesses, upgrading financial reporting processes and executing an acquisition into an adjacent market sector.