July 24, 2012
Medical Equipment Manufacturer CEO Jeff Riach Names Richard L. Shuman Chief Financial Officer
Mr. Shuman, who had been AVP Finance, Facility Services at Aramark Corporation will be in charge of all financial management matters related to the ongoing operation of Oakworks, Inc. As CFO, Mr. Shuman will provide both operational and programmatic support to the organization. He will supervise the finance unit and act as chief financial spokesperson. In his new position, Mr. Shuman will report directly to the Chief Executive Officer (CEO) Jeff Riach, assisting him directly on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the ongoing financial management of Oakworks, Inc.
Before joining Oakworks, Mr. Shuman oversaw the Financial Operations for Aramark’s Facility Services Group, focusing, as a partner, on expanding domestically and internationally, improving the new business evaluation process, implementing key strategic measures and personnel development.
Prior to Aramark, Mr. Shuman was CFO of Kellogg Australia / New Zealand and worked for Carpenter Technology as a business unit CFO serving the Aerospace, Oil and Gas and Medical Equipment industries.
“With Oakworks commitment to understanding our end users and a passion for designing products that meet those needs, I am looking forward to partnering with leadership, and all the employees of the company, to ensure our continued profitable growth and the long-term success,” said Rich Shuman, CFO.
“Oakworks is poised for significant growth, especially into the growing markets for medical positioning and examination equipment. Mr. Shuman’s experience and financial expertise will enable Oakworks to develop and manage an aggressive growth strategy for the company,” said Jeff Riach, CEO.
“We are very pleased to welcome Rich to our company. I have every confidence that he will enable Oakworks to grow in a fiscally responsible manner. As a skilled and mature financial manager, we have every confidence Mr. Shuman will provide the strong direction and leadership needed in our fast paced and entrepreneurial culture,” said Rich Elsen, CSO.
Mr. Shuman serves on the board of Central Pennsylvania’s Financial Executives International (FEI), has an MBA from Saint Joseph’s University in Philadelphia and a BS from Elizabethtown College.