Mark A. Carano is the Chief Financial Officer and Vice President at SPX Technologies, Inc. since January 2023. He has a background in finance, holding senior roles at Insteel Industries and Big River Steel before joining SPX. Coming to SPX,...
Mark A. Carano is the Chief Financial Officer and Vice President at SPX Technologies, Inc. since January 2023. He has a background in finance, holding senior roles at Insteel Industries and Big River Steel before joining SPX. Coming to SPX, he received a significant sign-on bonus to help cover his previous compensation losses from his prior job. In 2023, his total compensation was around $286,905, which included a $500,000 salary and a $100,000 bonus. His experience helps bridge the gap between financial management and business strategy, crucial for SPX's growth. Carano is also active in using his stock options, making various insider trades throughout the year, showcasing his confidence in the company’s future. His stock dealings ranged in value, with his largest trade reaching $2.97 million. Overall, Carano brings a wealth of knowledge and strategic insight from years in the finance sector, positioning SPX Technologies for potential growth and success.