Astronics Corporation announced the appointment of Nancy L. Hedges as Vice President and Chief Financial Officer, effective January 4, 2025. Ms. Hedges will succeed David C. Burney, who is set to retire on January 3, 2025. This leadership transition marks a significant change in the company's executive financial management.
Ms. Hedges joined Astronics in 2014 as Principal Accounting Officer and Controller, demonstrating a deep understanding of the company's financial operations. Her internal promotion is expected to ensure a seamless transition and continued focus on improving financial performance and strengthening the balance sheet.
David C. Burney served Astronics for 29 years, including nearly 22 years as Chief Financial Officer. During his tenure, he supported twelve acquisitions and oversaw the company's growth from $33 million in sales in 2003 to nearly $800 million. His retirement concludes a long and impactful career with the company.
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