Management ChangeMay 14, 2026, 09:32 AM
Standex Promotes Ademir Sarcevic to EVP, Group President-Electronics
AI Summary
Standex International Corporation announced the promotion of Ademir Sarcevic, currently Vice President, Chief Financial Officer & Treasurer, to Executive Vice President Corporate and Group President Electronics. In his new role, Mr. Sarcevic will focus on accelerating growth in the Electronics segment and managing corporate initiatives, while also continuing as CFO until a successor is found. The company approved a special incentive award for Mr. Sarcevic consisting of $750,000 in restricted stock units, vesting over two and three years.
Key Highlights
- Ademir Sarcevic promoted to Executive Vice President Corporate and Group President Electronics.
- He will be responsible for driving accelerated growth in the Electronics segment and overseeing corporate projects.
- Mr. Sarcevic will continue to serve as Chief Financial Officer during the transition period.
- He will receive a special incentive award of $750,000 in restricted stock units.
- The restricted stock units will be granted on July 1, 2026, with vesting over two and three years.
- Sarcevic joined Standex in 2019 as CFO, strengthening finance and enhancing capital allocation.