MATCOR Appoints Stello CEO, Passes Torch from Founder

January 2010 Vol. 237 No. 1

MATCOR®, Inc., a leading cathodic protection and corrosion prevention engineering design firm, has announced the appointment of Jeffrey Stello as president and CEO. Stello assumes the responsibilities held for nearly 35 years by founder William Schutt, who will continue with the company as chairman.

During the past 20 years, Stello has held several executive-level positions with operational, financial and general management responsibilities. “Jeff is a results-oriented individual with the skills and experiences necessary to lead this company through its next stage of growth,” says Schutt. “I am pleased to bring someone on board with the financial and operational savvy needed to take advantage of the diverse market opportunities that exist both domestically and internationally while we continue to expand our product and service offerings.”

Stello most recently served as managing director of Charlestown Capital Partners, a transaction advisory firm serving high-growth technology and life science clients. Prior to that, he served in various leadership roles at successful high-growth companies such as Precimed SA, Visalign, GMIS and SMS (now part of Siemens).