Nordson Corporation, a pioneering precision technology company renowned for its innovative solutions, has announced the appointment of Daniel Hopgood as its new Executive Vice President and Chief Financial Officer (CFO), effective May 20, 2024. Hopgood succeeds Joseph Kelley, who assumes a leadership role within Nordson’s Industrial Precision Solutions segment.
Bringing over 25 years of extensive financial and operational expertise to the role, Hopgood's career trajectory has been marked by significant contributions to leading multinational companies. Notably, his tenure at Eaton Corporation, a $23 billion power management conglomerate, showcased his adeptness in driving financial strategy and operational excellence. As Eaton's controller and chief accounting officer, Hopgood spearheaded global accounting and reporting initiatives, while actively shaping and executing the company's finance strategy.
Hopgood's tenure at Eaton also saw him serve as senior vice president of finance for the industrial sector, overseeing finance, planning, and business development strategies for a segment with revenues ranging from $7-8 billion. Prior to Eaton, his tenure at Meritor, Inc., a Fortune 500 manufacturer of commercial vehicle components, provided him with invaluable general management experience as vice president of aftermarket americas.
Sundaram Nagarajan, President and CEO of Nordson Corporation, expressed enthusiasm about Hopgood's appointment, citing his robust financial leadership experience and dedication to talent development. Nagarajan emphasized the pivotal role of talent in Nordson's growth trajectory, highlighting Hopgood's alignment with the company's Ascend Strategy, aimed at delivering profitable growth.
In response to his appointment, Hopgood expressed, “The Nordson team has done an outstanding job of implementing the Ascend Strategy, which is delivering strong profitable growth. I am excited about the strategy and the opportunity to scale a growth-oriented business portfolio. I look forward to partnering with Naga and the leadership team to achieve the Company’s long-term strategic and financial objectives.”
Nordson Corporation, founded in 1954 and headquartered in Westlake, Ohio, operates on a direct sales model and boasts extensive applications expertise catering to diverse global markets such as consumer non-durable, medical, electronics, and industrial sectors. With operations and support offices in over 35 countries, Nordson is renowned for its top-tier growth, leading margins, and returns.
As Hopgood assumes his new role, Nordson extends its gratitude to Stephen Shamrock, who served as interim CFO, for his contributions in driving financial performance. Shamrock will now serve as Nordson's Chief Accounting Officer alongside his corporate controller responsibilities, ensuring a seamless transition within the company's financial leadership team.
Hopgood, who holds his bachelor’s of science from Oakland University in Michigan, also serves as Vice Chair of the Ohio, Northern Kentucky, and West Virginia board of the American Cancer Society, showcasing his commitment to community engagement and philanthropy.
The appointment of Hopgood underscores Nordson Corporation's commitment to fortifying its financial leadership and advancing its growth trajectory in line with its Ascend Strategy.
