TechPrecision: Management Team
Composed of proven experience, leadership, and innovative thinking, our management team is focused on acquiring and managing advanced, large-scale metal machining and fabrication companies, capable of delivering end-to-end, turnkey solutions to meet our clients' global market needs.
James S. Molinaro, CEO
Mr. Molinaro has more than 26 years of global experience in the solar and semiconductor production equipment industries. During the course of his career, Mr. Molinaro has accepted positions of increasing responsibility, overseeing global service systems, worldwide sales leadership, and engineering disciplines for several companies.
Prior to joining TechPrecision, Mr. Molinaro was President and CEO of Akrion Systems, an organization that manufactured equipment for semiconductor, defense, commercial, and solar companies. Here, his duties included profit and loss responsibility, oversight of fiscal management, and direction of merger and acquisition activity. Additional responsibilities included venture capital fundraising, global sales and marketing, executive team and employee development, strategic customer management, and strategic corporate vision creation. Mr. Molinaro was able to diversify the company's revenue streams and expand business opportunities by tapping into the lucrative solar energy, military application, and ink jet printer markets, increasing annual sales from approximately $32 million to $83 million over a four-year period.
Before being named President and CEO of Akrion, Mr. Molinaro served as Vice President of Sales, Service, and Marketing for Akrion, helping expand the company's global organization. Prior to this, Mr. Molinaro was Vice President of Sales and Marketing for Submicron Systems, having earlier served as the company's Vice President of Engineering. Mr. Molinaro graduated from Pennsylvania State University with a B.S. in Mechanical Engineering with concentration in Robotics.
Richard F. Fitzgerald, Chief Financial Officer
Mr. Fitzgerald joined TechPrecision in March 2009. He has 25 years of progressive financial and commercial experience supporting large established companies as well as development stage enterprises. Prior to TechPrecision, Mr. Fitzgerald was Vice President, and CFO at Nucleonics, Inc., a private biotechnology company, that raised over $65 million in venture capital as an early pioneer within the field of RNAi therapeutics. Nucleonics' intellectual property and drug development programs were sold to Alnylam (ALNY:NASDAQ), in December 2008.
Earlier in his career, Mr. Fitzgerald served as the Director of Corporate Development for Exelon Corporation (formerly PECO Energy) where his experience included business development, mergers, strategic joint ventures and acquisitions, business valuation, and financial and strategic planning. While at PECO/Exelon, Mr. Fitzgerald helped lead efforts to establish and finance joint ventures within the telecommunications field and execute strategic mergers and acquisitions within the energy sector, including the formation of AmerGen, the earliest acquisitions of nuclear power plants as merchant generation assets, the 1999 Exelon merger and the initial eight acquisitions to form InfraSource (NYSE:IFS). Mr. Fitzgerald also co-led the Finance Integration Team that was responsible for the design and implementation of Exelon’s post-merger finance organization.
Earlier in his career with PricewaterhouseCoopers Mr. Fitzgerald provided financial and accounting advisory services to pharmaceutical and medical device companies, software developers, and various venture capital-backed entities in high technology fields. As a member of PricewaterhouseCoopers’ National High Technology Practice, Mr. Fitzgerald supported several clients with SEC reporting, venture capital financings, initial public offerings as well as mergers and acquisitions.
Mr. Fitzgerald earned a B.S. in Business Administration and Accounting from Bucknell University. He is a member of the American and Pennsylvania Institutes of Public Accounting and he is also a founding member of the Bucknell University Business Advisory Board.
