Universal Stainless & Alloy Products (NASDAQ:USAP) has found an executive to head its finance team, effective immediately. The company's new CFO is Michael Bornak, who will also serve as its vice president of finance and treasurer. He replaces Douglas McSorley, who departed to "pursue new opportunities," according to a company press release announcing the news.
Before joining Universal Stainless, Bornak was CFO, treasurer, secretary, and senior vice president of finance and administration at SeaChange International. He also served as CEO for the privately held companies Tollgrade Communications, Solar Power Industries, and MHF Logistical Solutions. In the publicly traded sphere he filled the same role for Portec Rail Products, now a unit of L.B. Foster.
Editor's note: A previous version of this article carried a headline that erroneously said the company had hired a new CEO.
Neither Fool contributor Eric Volkman nor The Motley Fool has a position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.