Bunting Magnetics names new chief financial officer

Bunting Magnetics Co., headquartered in Newton, Kansas, has announced the appointment of Bill Wagner to the company’s executive leadership team as the chief financial officer. Wagner brings two decades of experience to the company, which specializes in magnet and magnetic equipment design, manufacturing and distribution, and has an extensive background in accounting and finance in the manufacturing sector.

Wagner will oversee financial reporting, budgets, accounting and human resources for all Bunting Magnetics divisions: Bunting Magnetics Co. (Newton); Bunting’s Magnet Materials Division, including its e-commerce site, buymagnets.com (Elk Grove Village, Illinois); Magnet Applications Inc. (DuBois, Pennsylvania); and Bunting Magnetics Europe (Berkhamsted, England, including the company’s recent acquisition of Master Magnets Ltd. in Redditch, England).

“Bill will be an invaluable asset and contributor to our exceptional management team,” says Bob Bunting, president and CEO of Bunting, who made the announcement. “He brings the financial management and background Bunting Magnetics needs as we continue to advance the global growth, profitability and strategic acquisitions of our company.”

Based in Newton, Wagner draws on more than 20 years of experience in accounting, budgeting, forecasting and analysis. Most recently, he was chief financial officer at Physicians Development Group/Axiom Healthcare, a developer/operator of world-class senior health care facilities. His experiences also extends into manufacturing as the assistant corporate controller for Spirit Aerosystems, a manufacturer of aerostructures for commercial and defense customers. There, Wagner managed all accounting functions for the Wichita, Kansas, site as well as consolidations for the entire company, including its worldwide locations.

“Bunting Magnetics has outlined a significant strategic growth plan, including new products, programs, growth markets and acquisitions,” Wagner says. “I look forward to helping the 60-year global company continue to build its business and expand its leading worldwide position in magnetics and magnetic products.”