Denis Poirier Appointed CFO of Mack Group

Mat Degan Named Treasurer/Secretary

ARLINGTON, Vt. (Oct. 11, 2022) – Mack Group, a leading, full-service contract manufacturer, has announced the promotion of Denis Poirier to Chief Financial Officer effective Oct. 14, 2022, succeeding Florence Belnap in the role following her retirement. Additionally, Mat Degan will become Treasurer/Secretary.

“Several years of succession planning have prepared us for this transition,” said Mack Group President and Chief Executive Officer Will Kendall. “Denis and Mat have proven to be adaptable, strategic thinkers. Their expertise has helped lead Mack through a pandemic and significant growth in the last few years. I look forward to working with them as we build a strong future for our customers and team members.”

Belnap, who is retiring after nearly 35 years of service to Mack Group, will continue to serve the Company as a Senior Advisor and member of the Board of Directors.

“We are grateful to Florence for her significant contributions to Mack,” Kendall noted, “and appreciative that we can continue to benefit from her financial wisdom and intimate knowledge of our operations.”

Poirier has served as Controller of Mack Technologies for more than 16 years, leading the financial team and ensuring a unified reporting structure across this division of Mack Group. He has had a significant impact during his tenure, building strong relationships with customers and suppliers, conducting contract negotiations, overseeing due diligence activities and implementing a new ERP system. Prior to Mack, Poirier honed his leadership skills in positions of increasing responsibility for Precision Castparts, culminating as the Vice President of Finance with its industrial products division. He also built his financial expertise as lead auditor overseeing staff at Ernst & Young. Poirier, who previously served as a Specialist in the U.S. Army National Guard, is a licensed CPA with a degree in business administration from Nichols College in Dudley, Mass., where he majored in accounting.

As Treasurer/Secretary, Degan will be responsible for directing financial planning, procurement and investment of funds for the organization, as well as serve as Secretary to the Company’s Board of Directors. Additionally, he will be assessing risk mitigation needs.

Degan previously served Mack Group as Corporate Risk Manager. His responsibilities included implementing sound internal controls, managing insurance and customer credit, and executing day-to-day treasury operations. Prior to Mack, Degan most recently served as Assistant Vice President at Brown Brothers Harriman in Boston, Mass. He also built financial expertise as an Analyst with J.P. Morgan Private Bank in Washington, D.C., and as a Marketing Associate for J.P. Morgan Securities in Boston. He has a bachelor’s degree in English and political science from The University of Vermont in Burlington, Vt., and is FINRA Series 7 and 66 certified.

About Mack Group

A privately-held corporation, Mack was founded in 1920 in Little Falls, N.J. Today it is headquartered in Arlington, Vt., and operates 12 locations totaling more than 1.5 million square feet of manufacturing space throughout Vermont, Connecticut, Massachusetts, North Carolina, South Carolina, Florida and Mexico. The company has four divisions dedicated to providing full-service contract manufacturing, including electronics manufacturing, prototyping, injection molding, sheet metal fabrication, design services and full product assembly. Mack has earned a 5A1 D&B rating, the highest available. The corporation has no long-term debt and finances its own acquisitions and growth. Mack has sales of approximately $500 million and employs more than 2,500 people. Will Kendall is President and CEO. For more information, go to www.mack.com.