AO Smith's CFO Terry Murphy to Retire; John Kita Named as Successor
Terry Murphy, executive vice president (EVP) and chief financial officer (CFO) of A O Smith Corporation, has announced plans to retire from the global manufacturer of electric motors and water heaters effective 1 May 2011. Murphy joined the company in January 2006 after serving as senior vice president (SVP) and CFO of Quanex.
John Kita, SVP-corporate finance and controller, will succeed Murphy. In his current position, Kita oversees the accounting, financial planning, tax, and risk management functions. Kita originally joined AO Smith as assistant treasurer in 1988 and was elected vice president, treasurer and controller in 1996. He was named SVP in 2006.
Previously, Kita held a number of financial and accounting positions at RTE Corporation, a manufacturer of electrical equipment. He received a bachelor’s degree in Accounting and Mathematics from the University of Wisconsin-Oshkosh, and an MBA from the University of Wisconsin-Madison. He is a certified public accountant (CPA) in Wisconsin.