 Profile
Biography of
ALBERT A. CANOSA
Albert A. Canosa served as President, CEO and Director of Raytech Corporation from 1998 to 2004 and brings a diverse array of experience, skills and qualities to the corporate decision-making process. Raytech Corporation, a New York Stock Exchange corporation, is an international leader within the vehicular power transmission applications for the automotive, heavy duty OEM and aftermarket market segments.
As CEO of Raytech, Mr. Canosa piloted the company through a 12-year asbestos-related bankruptcy process and led the company to emerge as a financially healthy, viable, respected, and market-leading competitor worldwide. He generated the highest performance of Raytech with equity increase of 72% and the highest pretax performance level to date. Under Mr. Canosa’s leadership, all Raytech manufacturing plants received their QS or ISO 9000 certification and the company received Q1 status from Ford and Partnership status with Deere.
Mr. Canosa’s experience includes 12 years as a Chief Financial Officer, as well as more than 35 years of excellent performance in diverse disciplines, such as tax, SEC reporting, shareholder relations, treasury, short and long-range planning, financial analysis, acquisitions/divestitures, auditing, corporate restructure, turnaround programs, asset management, debt reduction and employee relations.
Raytech operated in a mature industry with no opportunity for price increases and yet it generated a compound annual growth rate in pretax earning of 17% for 11 years straight with Mr. Canosa’s direction. He has demonstrated leadership, integrity and management qualities that are respected by his employees, peers, competitors, customers and associates.
Mr. Canosa is currently a Director and Chairman of the Audit Committee of Laticrete International and is also a Trustee of Quinnipiac University and a committee member of the Buildings and Grounds, Finance and Audit Committee of Quinnipiac University. Mr. Canosa previously served a member of the Board of the United Way of Branford, Director & Chairman of the Audit Committee of Tasker Products and was a member of the Board of Directors and member of the Compensation Committee of Marlin Firearms Company, Chairman of the Private School Board and Chairman of St. Mary Church Council.
Mr. Canosa received his Bachelor of Science degree in Accounting from Quinnipiac University in Hamden, CT. Mr. Canosa resides in Branford, CT with his wife Sharon and his son Adam.
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