Bel Appoints Lynn Hutkin as CFO to Strengthen Financial Leadership
Company - People | May 20, 2025 | EIN
Bel Fuse Inc., a company traded under the Nasdaq symbols BELFA and BELFB, has announced the appointment of Lynn Hutkin as its new Chief Financial Officer (CFO). This transition will take effect immediately after the company's Annual Meeting of Shareholders on May 27, 2025. Lynn Hutkin, who joined Bel in 2007 and has been playing increasing roles within the company, including Vice President of Financial Reporting and Investor Relations, will succeed Farouq Tuweiq. Tuweiq will assume the position of President and CEO following the meeting. In her new role, Hutkin will lead Bel's global finance organization and spearhead financial strategies, planning, treasury, tax, reporting, and investor relations. With a noteworthy career background in finance and accounting and her substantial contributions to Bel's financial and strategic initiatives, Hutkin is well-poised to drive further success for the company. Both Hutkin and Tuweiq express enthusiasm about continuing their collaboration to achieve future goals. Bel operates globally in diverse markets such as defense, aerospace, telecommunications, and consumer electronics.
Sectors
- Electronics Manufacturing
- Telecommunications
- Finance
Geography
- United States – Bel Fuse Inc. is headquartered in West Orange, New Jersey, making the United States a significant geographical focus.
Industry
- Electronics Manufacturing – Bel Fuse Inc. designs and manufactures products that are integral to electronic circuits, a key component of electronics manufacturing.
- Telecommunications – Bel's products are used in telecommunications, impacting connectivity solutions and data transmission sectors.
- Finance – The appointment of a new CFO at Bel involves financial strategy, planning, and the strengthening of financial practices, relevant to the finance sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bel Fuse Inc. | Target Company | Company | A company that designs, manufactures, and markets products for various industries, undergoing a strategic leadership change. |
| Lynn Hutkin | Incoming CFO | Person | Recently appointed as CFO of Bel, she has been with the company since 2007, holding significant roles with increasing responsibilities. |
| Farouq Tuweiq | Outgoing CFO & Incoming President and CEO | Person | The current CFO transitioning to President and CEO, indicating an internal strategic succession plan. |
| Arthur Andersen | Previous Employer | Company | Lynn Hutkin started her career here in the audit group, contributing to her extensive background in finance. |