Derek_Schmidt_Crescent_1025

Crescent Electric Appoints Derek Schmidt to Senior VP & CFO

Schmidt comes to Crescent Electric from HNI (formerly known as HON Industries) where he served as VP and general manager, Transactional Business.

Crescent Electric Supply Co. (East Dubuque, IL):  In his new role as senior VP and CFO, Derek Schmidt will direct and oversee the financial activities of the company, replacing Jim Etheredge, who has announced his retirement after serving as Crescent’s CFO since 1985. Schmidt comes to Crescent Electric from HNI (formerly known as HON Industries) where he served as VP and general manager, Transactional Business. In this role, Schmidt managed HON’s transactional office furniture business with oversight for strategy, product development, marketing, and multi-channel sales execution across national accounts, wholesalers, independent dealers, and e-tailers. His previous roles span more than twenty years of finance, CFO and senior management positions with global companies.

He is a Certified Public Accountant (inactive) and a Certified Management Accountant and holds a bachelor’s degree in business administration from the University of Wisconsin, Madison and an MBA from the University of Minnesota.

“As we transition our CFO role, I want to commend and thank Jim Etheredge for his dedication and service to Crescent Electric over more than 30 years. Jim will work closely with Derek to ensure an orderly transition prior to his announced retirement on June 1,” said Marty Burbridge, the company’s president and CEO said in the press release.

Crescent Electric Supply Company is ranked #8 on EW’s most recent Top 200 listing. The company serves contractors, commercial, institutional and industrial customers with a broad line of electrical, lighting, industrial, automation and datacom products from 160 branches nationally.  In addition to the Crescent Electric brand, customers are served by Womack Electric in Virginia and North Carolina; BA Supply in Missouri; Mesco Electrical Supply in Ohio; Interstate Electric Supply in Idaho, and Stoneway Electric in Washington, Oregon and Idaho. 

 

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