PinnacleART has appointed Stephen T. Powers as CEO, the company said on Jan. 7.
As CEO, Powers will lead the company in fulfilling PinnacleART’s vision of making the world reliable.
“The selection of Stephen as PinnacleART’s CEO was a unanimous decision,” Frank Muller, PinnacleART advisory board chairman, said. “The notable growth PinnacleART experienced after Stephen stepped in as interim CEO, all while maintaining his regular responsibilities as chief financial officer, displays Stephen’s unique ability to identify and execute strategies that will drive the company to become a global leader in reliability.”
Prior to stepping into the role of interim CEO, Powers was the CFO for PinnacleART, and was recently selected as a finalist for Houston Business Journal’s CFO of the Year, an award which honors top financial executives from across the city. Powers was hired as CFO in 2016 and through his leadership during this time the company has grown 25% in top line and 20% EBITDA from 2016 to 2018.
During his time as CFO, Powers led the selection and implementation of an ERP software system, created PinnacleART’s procurement function, drove maturity of key IT infrastructure, and increased margins through upgraded financial reporting, analytics, and business review processes.
A native Houstonian, Powers has over 20 years of experience in the energy and industrial services sectors. Powers is a Certified Public Accountant and holds a Master in Professional Accounting with a concentration in Information Management and a Bachelor of Business Administration in Accounting with a concentration in Finance from the University of Texas at Austin.