Executive officer

Mark A. Carano

Vice President, Chief Financial Officer and Treasurer·SPX Technologies, Inc.

About

Mark A. Carano has served as Vice President, Chief Financial Officer and Treasurer of SPX since January 2023. He joined SPX from Insteel Industries, Inc., where he served as Senior Vice President and Chief Financial Officer for two years (and as Vice President, Chief Financial Officer and Treasurer from May 2020 to October 2020).

Mr. Carano was Chief Financial Officer for Big River Steel from 2019 to 2020. Before joining Big River Steel in 2019, he spent six years with Babcock & Wilcox Enterprises, Inc., where he served most recently as Senior Vice President, Finance & Controller for the Industrial Segment, with prior roles as Senior Vice President, Corporate Development, Strategy and Corporate Treasurer. Before the industrial sector, he held executive roles within financial services providers including Bank of America (Merrill Lynch), Deutsche Bank and First Union Securities, with 14 years of combined investment banking experience. He began his career with FMI, a consulting and trade organization.

Since 2023
Age 56
Tenure 3 yrs

Also at SPX Technologies, Inc.

RP Ricky D. Puckett Director MS Meenal A. Sethna Director TU Tana L. Utley Director RS Ruth G. Shaw Director RT Robert B. Toth Director AW Angel Shelton Willis Director

Roles

Organization Role Dates Details
SPX Technologies, Inc. Vice President, Chief Financial Officer and Treasurer 2023–present Current role
Insteel Industries, Inc. Senior Vice President and Chief Financial Officer (also VP, CFO and Treasurer) 2020-2022 Manufacturer of steel wire reinforcing products for concrete construction. Senior VP and CFO since October 2020; VP, CFO and Treasurer from May 2020 to October 2020.
Big River Steel Chief Financial Officer 2019-2020 Privately-held manufacturer of steel products; since April 2019.
Babcock & Wilcox Enterprises, Inc. Senior Vice President, Finance & Controller, Industrial Segment; Senior Vice President, Corporate Development, Strategy and Corporate Treasurer 2013-2018 Manufacturer of industrial technology; senior management finance roles from June 2013 to October 2018 (about six years).
Bank of America (Merrill Lynch), Deutsche Bank and First Union Securities Executive roles in investment banking / financial services 14 years of combined investment banking experience.
FMI Consulting role (began career) Consulting and trade organization.

External roles

Organization Role Dates
Franklin Electric Co., Inc. Director 2025-

Related

Source: SPX Technologies, Inc. SEC filings and official company website

Where the filing does not disclose a value, this page states "Not disclosed" rather than estimating. Smaller filers are exempt from disclosing metric targets and achievement, and larger filers may omit forward targets for competitive reasons.

See how VectorShift works for your firm

Request Demo