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Noble Iron Names Caldaroni CFO

Noble Iron named Thomas Caldaroni chief financial officer effective Oct. 22. Caldaroni was formerly global director for credit and portfolio management activities at Terex Financial Services, a division of Terex Corp. Terex is ranked among the world’s top 10 revenue-generating construction and industrial equipment manufacturers. Caldaroni also held leadership roles at Pitney Bowes Financial Services and at DaimlerChrysler Capital, where he helped develop the company’s U.S.-based non-captive financing programs.

In connection with his appointment as CFO, Caldaroni will be provided with a share purchase loan to purchase $150,000 of common shares of the company, and will be granted 125,000 options to purchase common shares for a period of 10 years from the date of the grant.

Former Texada CFO Jim McInnis will remain with the company in an advisory role.

“[Caldaroni’s] extensive experience in structuring financial relationships and providing growth opportunities to organizations in the dealer and rental verticals will be a tremendous asset to Noble Iron,” said CEO Willie Swisher. “We look forward to working with Tom on the many opportunities we anticipate going forward.”

“Our aim is to assemble a Noble Iron dream team comprised of talented and visionary individuals working together to build a remarkable, multi-billion dollar company in the equipment industry. We have searched for the right CFO who could diligently manage the financial controls of a growing public company; represent Noble Iron effectively with stakeholders, potential partners and capital markets; and engage fully in strategic thinking surrounding growth and innovation,” said Noble Iron executive chairman Nabil Kassam.

Houston-based Noble Iron operates in three complementary sectors: equipment rental, equipment distribution and enterprise software for the construction and industrial equipment industry.

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