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Thomas Klemp is now Chief Financial Officer and Vice President of Finance for Summit Electric Supply. Klemp was recently the Vice President of Finance and Administration for a division of Layne Christensen, a global water management, construction, and drilling company, where he developed operational efficiencies and oversaw global compliance programs. Klemp will be based out of Summit’s Houston, Texas offices.
“Summit has a fantastic group of talented people on our finance team and Tom will bring a new dimension to our finance functions,” says Summit’s Chairman and CEO Victor Jury Jr. “Tom's analytical and modeling skills will improve performance and the quality and speed of our decision making process throughout Summit's business.”
Klemp advanced quickly into financial leadership roles supporting operational excellence as a result of his experience in corporate accounting, internal audit, and financial planning and analysis. Throughout his 19-year career, he’s been successful at leading accounting and support teams internationally while managing divisional growth and financial infrastructures for several global, publicly-traded companies. As a key financial business partner, he’s also driven improvements in risk management, positioning strategy, and pricing.
“Summit has visionary leadership and a high-performing team with a clear view of where they want to be in the future. I am excited to have the great opportunity to work with this well-respected company,” says Klemp. “I look forward to using my financial and process improvement experience to help Summit fulfill its strategic vision and to accelerate future company growth.”
“With Tom's broad knowledge, experience and sharp mind added to our already strong team,” Jury adds, “I have never felt better about the ability of our finance team to contribute to Summit's growth and profitability.”
Through internal reporting and analysis of financial metrics, Klemp says he will work to bring about process improvements that enable Summit to grow and further enhance its reputation in the industry. He’ll also analyze international markets for future business opportunities. Klemp has a master’s degree in finance from Northeastern University and a bachelor’s in finance and accounting from Babson College.