Mark A. Carano has served as Vice President, Chief Financial Officer and Treasurer of SPX since January 2023. He joined SPX from Insteel Industries, Inc., where he served as Senior Vice President and Chief Financial Officer for two years (and as Vice President, Chief Financial Officer and Treasurer from May 2020 to October 2020).
Mr. Carano was Chief Financial Officer for Big River Steel from 2019 to 2020. Before joining Big River Steel in 2019, he spent six years with Babcock & Wilcox Enterprises, Inc., where he served most recently as Senior Vice President, Finance & Controller for the Industrial Segment, with prior roles as Senior Vice President, Corporate Development, Strategy and Corporate Treasurer. Before the industrial sector, he held executive roles within financial services providers including Bank of America (Merrill Lynch), Deutsche Bank and First Union Securities, with 14 years of combined investment banking experience. He began his career with FMI, a consulting and trade organization.