Paradigm Precision Names Rita Lei Corporate Chief Financial Officer
Manchester, CT – Paradigm Precision, a global manufacturer of complex precision machined components for gas turbine engines, announced on January 9th that Rita Lei has been named corporate Chief Financial Officer, effective immediately, succeeding Fred DeCusatis, who is retiring. Ms. Lei is based at company headquarters in Manchester, CT and reports to Paradigm President and CEO Steve Croke.
Mr. Croke said, “Rita is an outstanding addition to our senior management team. Her wealth of experience in aerospace manufacturing makes her a natural fit for this critical role. We thank Fred DeCusatis for his service and wish him well.”
Ms. Lei has more than 20 years of financial and accounting experience in the aerospace manufacturing industry at United Technologies Corporation (UTC). Most recently, she served as a Chief Financial Officer for UTC Aerospace Systems Division (UTAS). Previous positions at UTC include: Manufacturing Finance Director; Financial Planning & Analysis Manager; Campaigns Finance Manager; Repair Operation Finance Controller; and Financial Analyst. She began with UTC in its Financial Leadership Program.
Ms. Lei said, “I am thrilled to join the Paradigm team. I look forward to working with the global management team to further strengthen the company’s finance organization and capabilities and to position Paradigm for continued growth.”
Ms. Lei earned her MBA from Carnegie Mellon University. In addition, she earned a BS in accounting from the University of Massachusetts in Amherst. She has also graduated from executive education programs at INSEAD, Tuck School of Business at Dartmouth College and the Darden School of Business at the University of Virginia.
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Paradigm Precision is the market facing name for Dynamic Precision Group (DPG), a global leader in the manufacture of complex machined and fabricated assemblies for the Aerospace, Defense and Power Generation markets. DPG is a portfolio company of The Carlyle Group, AE Industrial Partners and other co-investors. DPG acquired Turbocombustor Technology in 2011, which specializes in the production of critical aircraft engine components; Paradigm Precision Holdings in 2013, which specializes in the manufacture of complex, tight-tolerance machined and fabricated components for gas turbine engines; and eight aerospace component fabrication and machining facilities from Unison Engine Components, a subsidiary of GE Aviation, in 2013. DPG’s core capabilities include laser services, air flow measurement, thermal coatings, electrical discharge machining, precision machining, and TCT Blast™.
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