Cloyes Gear & Products has hired Troy Angst as chief financial officer, effective immediately.
Founded in 1921, Cloyes is a global leader in the design, development, manufacturing and distribution of timing drive systems and components for replacement applications in the automotive aftermarket and high-performance racing segment. Fort Smith, Arkansas-based Cloyes is backed by Hidden Harbor Capital Partners.
Angst brings 30 years of experience to Cloyes, joining the company most recently from Sharp Tooling Solutions in Romeo, Michigan, where he served as chief financial officer. In that role, he was a key member of the executive team responsible for strategic planning and operational decisions for the company as well as overseeing all finance functions.
Prior to Sharp Tooling Solutions, Angst served as chief financial officer for Tritec Performance Solutions in Fenton, Michigan, where he was a key member of the executive team that acquired and integrated three privately held businesses and successfully sold Tritec Performance Solutions to a large strategic buyer. Angst has extensive experience with private-equity-backed companies, the execution and integration of mergers/acquisitions, operational finance, financial analyses, system know-how and manufacturing/quality operations.
“We are very excited to have Troy join the team at Cloyes. He is a proven leader and successful CFO with a great track record of success in maximizing operational efficiency and leading both organic and inorganic sales growth,” said John Hanighen, CEO of Cloyes. “Furthermore, the addition of Troy bolsters the organization’s internal finance and analytics capabilities as we continue to execute against our growth strategy and aggressively capitalize on Cloyes’ premium leadership position within the automotive aftermarket.”
Angst holds a bachelor’s degree in accounting from Western Michigan University.