PinnacleART, a global leader in designing, implementing, and maintaining asset reliability and integrity programs, appointed Stephen T. Powers as Chief Executive Officer (CEO).
âThe selection of Stephen as PinnacleARTâs CEO was a unanimous decision,â? said Frank Muller, PinnacleART Advisory Board Chairman. âThe notable growth PinnacleART experienced after Stephen stepped in as interim CEO, all while maintaining his regular responsibilities as Chief Financial Officer (CFO), displays Stephenâs unique ability to identify and execute strategies that will drive the company to become a global leader in reliability.â?
Prior to stepping into the role of interim CEO, Powers was the CFO for PinnacleART, and was recently selected as a finalist for Houston Business Journalâs CFO of the Year, an award which honors top financial executives from across the city. Powers was hired as CFO in 2016 and through his leadership during this time the company has grown 25% in top line and 20% EBITDA from 2016 to 2018.
During his time as CFO, Powers led the selection and implementation of an ERP software system, created PinnacleARTâs procurement function, drove maturity of key IT infrastructure, and increased margins through upgraded financial reporting, analytics, and business review processes.
In addition to his regular responsibilities as CFO and interim CEO, Powers is the executive sponsor of PinnacleARTâs community outreach committee, which partners with Pasadena charities to provide support and resources to the local community.
