Burbank, CA – June 13, 2016 — Hydra-Electric Company, a trusted provider of breakthrough sensing technology for the aerospace industry, is pleased to announce that Chief Financial Officer Gerry Schauer is among the finalists for the San Fernando Valley Business Journal 2016 CFO of the Year Awards.
“Gerry’s expertise has been an essential element of our team’s work developing and executing a five-year strategic plan,” said David Schmidt, CEO. “We value Gerry’s financial leadership, and are pleased to see him receive this outstanding recognition.”
Gerry joined Hydra-Electric in 2014. During his tenure, the company has experienced steady growth, after several years of declining sales. This growth, along with a reorganized cost structure, has resulted in profitable and cash flow positive operations. He has also led initiatives which have reduced costs of risk management and healthcare while improving/maintaining coverage.
The winners will be announced at the 2016 CFO of the Year Awards ceremony, taking place on June 15, 2016. This event recognizes the important work of CFOs as financial stewards in public, private and other organizations.
Hydra-Electric is a trusted provider of reliable technology in sensors and switches in the aerospace industry. Its proven solutions include: pressure, temperature and multi-function sensors; and pressure, temperature and liquid flow switches. Hydra’s high performance sensing technologies are able to address problems which were previously thought to be unsolvable, including: pressure-spike damage, pump ripple, high-speed impulses, burst diaphragms, and broken wire bonds to name a few.
The Company has been an innovator in the aerospace industry since 1948 when it introduced the Negative Rate Disc Spring design that remains the global standard today for aerospace pressure switches. Hydra-Electric’s products are found in demanding military and commercial applications, including fixed and rotary wing aircraft, missiles, space launch platforms, ships and submarines, armored vehicles and UCAVs.