GatesAir Bolsters Executive Team with CFO Appointment
Experienced finance executive John Belza will also oversee human resources and information technology, while introducing new strategies to improve company profitability and increase shareholder value
Cincinnati, OH, January 03, 2018
GatesAir, a global leader in wireless, over-the-air content delivery solutions for radio and TV broadcasters, has appointed John Belza as Chief Financial Officer, effective immediately. Reporting to CEO Bruce Swail, Belza will oversee the finance function, and develop new processes and initiatives to drive operational efficiencies throughout the company. In addition to his CFO duties, Belza will also oversee the human resources and information technology functions.
Belza comes to GatesAir with more than three decades of experience in finance and operations, most recently at Lombart Instrument, a private equity-held medical equipment distribution company where he served as CFO. Prior to Lombart, Belza held CFO assignments at global manufacturing companies Cambridge International, Inc. (also private equity-held) and Carat Security Group. Earlier in his career, Belza held senior finance roles at General Electric in the appliances and aircraft engines businesses, and also spent seven years in Big Four public accounting.
At the private equity-owned GatesAir, Belza will leverage his experience to improve profitability and cash flow to drive shareholder value. Specifically, one of his main goals is to optimize the profitability of GatesAir’s Spectrum Repack program for over-the-air TV stations, which he cites as an important revenue generator for the company over the next several years. Belza returns to the Cincinnati area from his home in Cambridge, Maryland, and is based in the company’s Mason, Ohio corporate offices.
“I am very excited to join the GatesAir team and build on the past 95 years of success in the broadcast industry,” said Belza. “I look forward to helping lead the company through this new chapter of growth.”
“The opportunity to bring in an exceptional CFO who has demonstrated success with private equity-owned operations was a key factor to bringing John on board,” said Swail. “We welcome John to GatesAir and look forward to the insights and knowledge he brings to our executive team.”
GatesAir, Inc., a portfolio company of The Gores Group, provides complete solutions for over-the-air radio and television broadcasting, leveraging wireless spectrum to maximize performance for multichannel, mission-critical services. Powering over-the-air networks worldwide with unparalleled reliability for nearly 100 years, GatesAir’s turnkey solutions enable broadcasters to create, transport and transmit radio and TV content. With customers in more than 185 countries, the company leads the industry in innovation and design breakthroughs, improving efficiency and reducing total cost of ownership with all products designed and assembled in the USA. Visit www.gatesair.com for more information, Like us on Facebook https://www.facebook.com/gatesair, and follow us on Twitter at @GatesAir.
About The Gores Group
The Gores Group, founded in 1987 by Alec Gores, is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. Over its 30-year history, The Gores Group has become a leading investor having demonstrated a reliable track record of creating value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit http://www.gores.com.
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