Cretex CFO Announces Retirement

Cretex Companies CFO Steve Ragaller has announced his retirement. Scott Lunger, who joined the company in January, will succeed Ragaller. The two have been working closely to ensure a smooth transition.
 
“I would like to thank Steve for being a great business partner over the past 14 years. Steve has built an outstanding finance organization, and his contributions extend to all areas of the company,” said Jeff Wollerman, CEO of Cretex.
 
“During Ragaller’s tenure, Cretex successfully transformed from an infrastructure company to a global leader in medical device contract manufacturing,” Wollerman added. “Steve has been a critical part of this transformation. I wish Steve and his wife Betty the best of luck and thank them for all their contributions.”
 
“Throughout the recruiting process, cultural fit with our company, executive team, family shareholders and Board of Directors was a top priority. We could not be happier to have Scott join Cretex,” Wollerman continued.
 
Lunger joined Cretex from Pentair, where he served as the VP of Finance of their Consumer Solutions Group. His prior experience includes CFO roles with public and private companies including Ergotron, Nilfisk-Advance, and Electrolux. Lunger brings a strong manufacturing background and versatile skillset to the Cretex team with an MBA in Finance and Accounting from the University of Notre Dame and a Bachelor of Science with a focus in Operations and Finance from Indiana University.
 
“I’m thrilled to be part of the Cretex team,” said Lunger. “Cretex is truly committed to the ideals of their founders, providing best-in-class and reliable services to their customers, and cultivating stable businesses in their communities. I look forward to contributing to the continued success and future growth of Cretex.”