The addition of Dastoor as an independent director, brings Columbus McKinnon’s Board to nine directors of which eight are independent and two are women. During the last four years, the Board has substantially increased its geographic, experience, skills, age, gender and ethnic diversity.
Dastoor will serve on the Audit Committee and the Compensation and Succession Committee.
“We are thrilled to welcome Mike Dastoor to our Board. Mike’s financial executive leadership skills and strategic insights will add a valuable perspective to our talented Board and help advance our Blueprint for Growth 2.0 strategy,” said Richard H. Fleming, chairman of the Board, CMCO.
Kathryn V. Roedel, chair of the Governance and Nomination Committee, noted, “We are very excited to have Mike join us on Columbus McKinnon’s Board of Directors. His background aligns perfectly with our succession planning needs. We believe his financial expertise, global manufacturing experience, and strategic skills, combined with his having lived and worked in eight countries, enhances the growth acumen and financial depth of our Board.”
Dastoor has nearly 35 years of global experience as a financial leader for the engineering services, electronics manufacturing and automotive industries.
He was appointed executive VP and CFO of Jabil Inc., a global manufacturing services company, in September 2018, after having served as Senior VP and Controller from 2010 and as Controller from 2004 to 2010. He joined the company as regional controller of Asia Pacific in 2000.
Prior to that, he spent seven years as regional CFO at Inchape, a British multinational automotive distribution, retail and services company, leading business process re-engineering for the Eastern Mediterranean and Southeast Asia regions.
Dastoor is a graduate of the University of Bombay (now Mumbai) and a chartered accountant through the Institute of Chartered Accountants in England & Wales where he spent seven years in audit covering the United Kingdom and Europe.
