TriMas names new CFO as company hones packaging focus

Group 1 - TriMas has appointed Paul Swart as the new chief financial officer, effective December 15, 2023, who previously worked at TriMas for 20 years [1][2] - Swart will succeed Teresa Finley, who served as interim CFO since March 2023 after the departure of Scott Mell [2] - The company is in the process of divesting its aerospace division in a $1.45 billion all-cash deal to investment firm Tinicum, expected to close in Q1 2024 [3] Group 2 - TriMas' packaging segment serves various markets including beauty and personal care, food and beverage, home care, pharmaceutical, nutraceutical, medical, and industrial sectors [4] - In 2024, TriMas reported net sales of $925 million, with the packaging segment contributing $512.3 million [4] - The new CEO, Thomas Snyder, aims to transform TriMas into a more focused, high-margin packaging platform following the aerospace sale [5]