Eldredge is CFO of the year
An
American Sensor Technologies product story
Edited by the Engineeringtalk editorial team
Jun 29, 2006
Michael P Eldredge, Executive VP, COO/CFO of American Sensor Technologies has been named the New Jersey Technology Council CFO of the year.
Michael P Eldredge, Executive VP, COO/CFO of American Sensor Technologies has been named the New Jersey Technology Council CFO of the year.
Each year, the New Jersey Technology Council honours an outstanding chief financial officer of a technology firm for outstanding contributions to his/her company performance and accomplishments.
Criteria for the award include: outstanding team building, customer service aptitude, deal negotiations, major project implementation as well as being a key player in a merger or acquisition.
Eldredge, a cofounder of American Sensor Technologies, was awarded the top CFO of the year award by the New Jersey Technology Council on 9th June, based on his outstanding contributions to his successful company.
In addition to being one of three co-founders of American Sensor Technologies, Eldredge played a key role in the acquisition of Macro Sensors, a New-Jersey based sensor manufacturer, in 2005.
He was also instrumental in the seamless integration of the new business into AST without interruption to customers, suppliers and employees.
"If Macro Sensors was not acquired by American Sensor Technologies, it would have been sold to another company whose plan was to shut it down to remove the competitive threat", noted Eldredge.
"In addition to being a strategic business and product base fit to our company, Macro Sensors supports AST's core belief that manufacturing can profitability be maintained in New Jersey".
Prior to founding American Sensor Technologies in 1997, Eldredge served as Vice President of Finance and CFO of Townley a manufacturer and distributor of consumer products.
A graduate of Middlesex County College and Rutgers University, Eldredge resides in Flemington, New Jersey.
He is married and has three children.
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