TE Connectivity (TEL) Taps IDEX's Mitts as CFO

August 31, 2016 6:13 AM EDT

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TE Connectivity Ltd. (NYSE: TEL) announced that it has named Heath A. Mitts the company's executive vice president and chief financial officer (CFO), effective September 12, 2016.

Mitts joins TE from IDEX Corporation, where he most recently served as senior vice president and CFO. IDEX (NYSE: IEX) is a globally diversified company specializing in fluid, metering, health and science technologies, as well as fire, safety and other products. Prior to serving as CFO at IDEX, he held senior global finance positions at PerkinElmer and Honeywell International. Mitts holds an MBA in finance from Pennsylvania State University and an undergraduate degree in finance and political science from Southern Methodist University.

"We are thrilled to welcome Heath aboard as our CFO," said TE Chairman and Chief Executive Officer Tom Lynch. "We are confident that with his strong financial experience and track record, he will help us continue to deliver consistently strong financial performance and value for our shareholders."

Mario Calastri, who has served as the TE's interim CFO since February will resume his position as senior vice president and treasurer. "Mario did an excellent job stepping into the role of interim CFO over the last seven months and will work closely with Heath during the transition period," said Lynch.

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