Trifast has announced that its current interim chief financial officer (CFO), Kate Ferguson, will take the CFO role on a permanent basis.

The group also confirmed that Ferguson has been appointed to the board as an executive director.

Trifast manufactures and distributes bolts, nuts, screws and rivets to customers in over 70 countries across a range of industries, including light vehicle, heavy vehicle, health and home, energy, and general industrial and distributors.

Ferguson, who joined Trifast in August 2023 as group financial controller, has spent around 25 years working across a variety of industries in senior financial management roles, both in the private and public entities in the UK and overseas.

Non-executive chair at Trifast, Serena Lang, commented: “During the search process, Kate came out very strongly as a team player with all round financial acumen for a CFO role. Working as an integral member of the TR Executive leadership team over the last six months she has demonstrated strategic focus, collaborative and people engagement skills, and the determination to be part of the evolution of TR's transformational change programme.

“Kate has also played a key role redefining our financial focus including streamlining processes and efficiencies, stabilising our balance sheet through the delivery of stronger inventory controls, continuing our debt reduction programme and focus to improve EBIT margins over the medium term.”

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