Fred brings to Newport extensive background as a CFO and corporate leader. He has a track record of enhancing shareholder value across engineering, manufacturing, distribution, infrastructure projects, project financings, financial services and high-tech firms.
In the large company arena, he served as CFO of Thomas & Betts Corporation, a $2.5 billion-sales global leader in electrical and electronic connectors. In that role Fred oversaw 26 acquisitions of up to $500 million in a 5 year period and was responsible for related due diligence, contract negotiations, board presentations and analyst briefings.
While at Thomas & Betts, Fred led a re-capitalization of the company that resulted in a number of new credit facilities. He also has considerable experience in the middle market, having been CFO of 3D Systems Corp., a $140 million company of systems that uses CAD/CAM applications for prototyping and manufacturing.