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Gencor Industries names new CFO

ORLANDO, Fla. (AP) ¿ Heavy machinery maker Gencor Industries Inc. on Monday named a former Stanley National Hardware executive to its vacant chief financial officer position.

Michael Al Mundy will assume the duties of CFO and treasurer on March 4.

Mundy was most recently CFO of Stanley National Hardware, a division The Stanley Works, an international producer of tools and security products.

He started his career with Ernst & Young LLP before entering industry, where he spent the bulk of his career with General Electric Co. as senior audit manager and business finance leader.

Gencor makes heavy machinery used to produce highway construction materials, synthetic fuels and environmental control equipment. It produces hot-mix asphalt plants, combustion systems and soil decontamination machinery, and sells its products mainly to the highway construction industry.

Former CFO Scott Runkel resigned Dec. 31 to pursue other interests, the company said.

Gencor shares closed 7 cents lower on Monday at $5.88. Shares have traded between $4.81 and $32.88 in the past 52 weeks.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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