Recognition for Motors, Money

Sarah Lauber of Douglas Dynamics wins Wisconsin Award

An executive with considerable experience in the industrial electric motor industry won mainstream recognition this week.

Douglas Dynamics, the Milwaukee manufacturer and upfitter of work truck attachments and equipment, announced Monday that Sarah Lauber was named among the Milwaukee Business Journal’s 2020 Chief Financial Officer of the Year award winners. The award “recognizes the important work chief financial officers do in making southeast Wisconsin firms and organizations successful,” according to an August 24 news release from Globe Newswire.

Ms. Lauber is a former vice president of financial planning and analysis (2011-2015) at Regal Beloit Corporation, the well-known manufacturer of electric motors, generators and controls, and mechanical motion control products based out of Beloit, Wisconsin. That position at Regal stemmed from Lauber serving as CFO of A.O. Smith Corporation’s Electrical Products Company (“EPC”)—another household name for EA readers and the electric motor crowd—from 2002 until EPC was acquired by Regal Beloit in 2011. Lauber began her career as an accountant at Chicago firm KPMG.

Lauber, who serves as the Chief Financial Officer and Secretary at Douglas, was one of only two honorees among publicly held companies in the southeastern Wisconsin area.

“This is a great achievement and very well deserved. After joining Douglas three years ago this month, Sarah quickly became an integral part of our leadership team,” noted Bob McCormick, President and CEO. “Sarah and her team continually maintain and expand our company’s strong financial position, which provides the strong foundation for us to operate effectively and execute our growth plans.”

Among her accomplishments, Lauber and her team recently refinanced a $325 million credit facility, further strengthening the company’s balance sheet, which was an important achievement given the economic environment and challenging credit markets.  In addition, she and her team have helped the Company’s most recent acquisitions improve their overall financial management and processes, making them more efficient and improving margins.

Lauber also said she is proud to serve as treasurer and board member of the Junior Achievement of Wisconsin, helping the organization achieve its mission to prepare today’s students for a bright future by giving young people the knowledge and skills they need to own their economic success, plan for their futures, and make smart academic and economic choices.

Before joining Douglas Dynamics in 2017, Lauber held financial leadership positions at several public companies in Wisconsin. She was Senior Vice President and Chief Financial Officer at Jason Industries, Inc., a diversified industrial company from 2015 to 2017.

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