Hammond Power Solutions appoints new CFO

Hammond Power Solutions (HPS) has named Richard Vollering as chief financial officer and corporate secretary.

Vollering will be replacing Chris Huether, who is retiring after a 35-year career at HPS. Huether will remain with the company until the end of 2021 to ensure a smooth and orderly transition.

“Richard brings a wealth of experience in international custom and standard product manufacturing within the commercial industry,” says Bill Hammond, chair and CEO of Hammond Power Solutions, in a statement.

“Richard’s experience in private and public markets will be an asset as HPS looks to expand its North American product offering and grow in jurisdictions where our products are made and sold.”

Most recently, Vollering was with Teknion Corporation, a Canadian-based manufacturer with more than 3,000 employees, where he held the position of chief financial officer since 2019. Prior to his appointment as CFO, he held several progressively senior leadership roles within the organization.

He previously held financial roles with Bombardier, Equifax and State Street Capital. Vollering holds an MBA from York University, a bachelor’s degree in business administration from Wilfred Laurier University, as well as CPA and CMA designations.

“On behalf of our board of directors and all of us at Hammond Power Solutions, I want to thank Chris for his exceptional contributions throughout his 35 years with HPS,” says Hammond.

“He is an experienced and highly principled leader, mentor, colleague and friend and has created tremendous value for our company and our shareholders. Chris’ guidance has been especially critical as he has had a significant impact on our strategic direction, growth and financial success. Chris leaves behind a tremendous legacy and I want to personally wish him all the best as he prepares for the next chapter of his life.”