SBE Inc. Hires New CFO to Lead the Company’s Finance Team

SBE Inc. (dba SB Electronics), announces that it recently appointed Mr. Robert D. Britt as Chief Financial Officer. Mr. Britt will report directly to Ed Sawyer, President and CEO of SBE Inc. He will be responsible for managing short and long-term strategic financial goals of the Company and maximizing its financial position.
Prior to joining SBE Inc., Mr. Britt worked as an independent financial and management consultant for 7 years assisting growing, entrepreneurial businesses in developing their strategic plans, obtaining growth capital, and improving management reporting and profitability. Mr. Britt previously worked for Green Mountain Coffee Roasters, Inc. in Waterbury, Vermont for 10 years where he served as Chief Financial Officer and was on the Board of Directors. While at Green Mountain Coffee Roasters, Mr. Britt managed their initial public offering and helped grow the company from $14 million to $100 million in sales.
Mr. Britt holds a Bachelor of Science in Accounting from the University of Connecticut and earned his MBA from the Wharton School at the University of Pennsylvania. Mr. Britt is also a Certified Public Accountant. Mr. Britt serves as the Vice-Chair of the Board of the Vermont Economic Development Authority and is on the Board of Directors of Local Motion, a greater Burlington non-profit organization promoting active recreation and transportation for healthy Vermont communities.
“SBE Inc. is at a tipping point in its growth” remarked Mr. Britt. “I have had the opportunity to work with SBE in the past few years as a consultant, and I am very excited to be part of team helping the Company enter the very important hybrid and electric vehicle market, as well as expand its alternative energy business.”
Ed Sawyer commented on Bob’s hiring: “We are excited to have Bob on board. His experience will be invaluable as we start building one of the world’s premier capacitor manufacturing plants in the US for the manufacturing of Power Ring Film Capacitors™, launch new financing initiatives and ramp up production with new major customers in transportation and other industries. I look forward to having Bob as a key member of my executive management team here at SBE.”
SBE Inc. is a leading developer and manufacturer of film capacitor solutions that provide a much higher degree of reliability, higher power density, and simpler cooling infrastructure, in demanding applications, particularly for automotive/transportation, alternative energy, utilities, power supplies/laser and military/aerospace. Originally a Sprague Electric plant, SBE has been manufacturing capacitors for over 50 years producing over a billion capacitors, including the renowned Orange Drop®. With the newer development of its DC Link Filter Power Ring Film Capacitor™, SBE Inc. was recently awarded a $9.1 million grant by the Department of Energy to build a world‐class facility for the manufacturing of this line of capacitors used in drivetrain inverters for electric drive vehicles. The plant capacity will provide supply for over 100,000 electric drive vehicles within 3 years. The Company’s headquarters, engineering and product development center, and manufacturing operation are located in Barre, Vermont.

Christine Sawyer
Director of Marketing
T: +1.802.522.9055
E: [email protected]

See the PDF version of the press release.

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