Paul Mueller Co. CFO resigns

The three-year chief financial officer of Paul Mueller Co. (OTC: MUEL) has resigned to take a position with another publicly traded company.

Marcelino Rodriguez will leave his post Feb. 20 to join Houston, Texas-based KMG Chemicals Inc. (NYSE: KMG) as controller and chief accounting officer, according to a Mueller Co. news release.

Rodriguez joined the Springfield stainless steel manufacturer in 2011 to succeed the retiring Donald Golik, who was with the company for 31 years.

"Marcelino's leadership, during a period of great progress for our company, has been invaluable, and his high spirit has affected all of us. I wish him the best success and look forward to our continued friendship," Mueller Co. President and CEO David Moore said in the release.

During his first year with Mueller Co., the company posted 2011 net income of roughly $2 million, a 122.6 percent increase from a net loss of $8.94 million in 2010. In 2012, earnings decreased to $1.97 million, according to Springfield Business Journal archives. The company hasn't yet released its earnings report for 2013. However, for the nine months ended Sept. 30, profits were up 100 percent to $7.1 million from $3.5 million during the same time period in 2012.

Mueller Co. has initiated a search for a replacement CFO, the release said.

Prior to joining Mueller Co., Rodriguez worked as CFO for Lhoist North America, controller for Jose Cuervo International and controller for the operations division of RG Barry, as well as various positions with Harte-Hanks Communications.

On Feb. 24, Rodriguez is scheduled to begin work at KMG Chemicals, where he will be responsible for oversight of corporate accounting functions and financial reporting. KMG produces and distributes speciality chemicals, such as electronic and wood treating chemicals, to niche market customers, according to a news release from the Texas company.[[In-content Ad]]