Bel Fuse Appoints Farouq Tuweiq, Former Investment Banker, as Chief Financial Officer
January 05, 2021 at 08:01 am EST
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Bel Fuse Inc. announced that Farouq Tuweiq has been named Chief Financial Officer of Bel Fuse Inc., effective February 15, 2021. Most recently, Farouq worked at BMO Capital Markets, member of BMO Financial Group, where he led and helped build the Industrial Technology Investment Banking practice. Farouq spent his banking career advising public, private equity-backed, and privately-held companies in the Electronic Components sector, including manufacturers
of connectors, passives, magnetics, on Mergers & Acquisitions and capital raising. Previously, Farouq worked at Schneider Electric, a public multinational energy efficiency and automation provider, in its North American headquarters within the FP&A group focused on budgeting, forecasting, and business planning.
Bel Fuse Inc. is a designer, manufacturer and provider of products that power, protect and connect electronic circuits. The Company's segments include Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. Its power conversion products include internal and external alternating current/direct current (AC/DC) power supplies, DC/DC converters and DC/AC inverters. Its circuit protection products include board level fuses and polymeric positive temperature coefficient (PTC) devices. It offers a line of high speed and harsh environment copper and optical fiber connectors and integrated assemblies. Its magnetics solutions product line includes integrated connector modules (ICMs), power transformers, surface mount device (SMD) power inductors and switch mode power supply (SMPS) transformers, and discrete components-ethernet. Its products are used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries.