APPLE VALLEY, MINN., SEPTEMBER 14, 2022 —The Minneapolis St. Paul Business Journal has named John Reutter, vice president, Finance, Uponor North America (Uponor), as one of its 2022 CFO of the Year honorees. This annual award recognizes outstanding financial executives in the Twin Cities, and it is the first time Reutter has been named an honoree.
Reutter was recognized for his leadership in defining and executing the company’s strategic financial approach, especially during the challenges of the past couple of years. Since joining Uponor in 2018, he has led all financial decisions for the company’s North American operations and instituted a disciplined investment strategy, reorganized the Finance team, introduced new technology and processes, and collaborated across functions to positively accelerate operating profits from just over $50 million in 2018 to $100 million in 2021, a first in the company’s history.
In addition to his financial leadership, Reutter assumed the responsibilities of interim president for Uponor North America in January 2022, working directly with the Uponor Group leadership team in Europe to develop strategic initiatives to drive the global business forward through 2023 and beyond.
“We are so proud to celebrate this honor with John,” noted Andres Caballero, president, Uponor North America. “His countless contributions to the growth and financial stability of our business, as well as stepping up to serve as interim president, is indicative of the high-caliber executive he is. On behalf of everyone at Uponor, we whole-heartedly agree with the decision to honor John in this way and feel privileged to work alongside him.”
“While I am humbled by this honor, recognition like this wouldn’t happen without the support and dedication of the team around me,” added John Reutter. “What we’ve been able to accomplish together in my four years at Uponor is special. I’m grateful for my team, fellow leaders, and all of the hard-working Uponorians across North America who deliver on a daily basis for our customers.”
The Minneapolis St. Paul Business Journal introduced its CFO of the Year awards in 2007. Nominations were evaluated by a panel of financial executives, scoring the honorees based on their contribution to company and community. The 2022 CFO of the Year honorees will be recognized at an awards event in November, along with a full profile on each honoree in its publication.
About Uponor Apple Valley, Minn.-based Uponor North America strives to be the partner plumbing and HVAC professionals rely on for smart water and energy solutions. The company is helping to move the construction industry forward through innovation, education and advocacy focusing on the defining issues of our time: water, energy, and labor. An award-winning manufacturer of PEX piping and marketer/distributor of Uponor PP-RCT in North America, the company offers plumbing, fire safety, radiant heating/cooling, hydronic piping, and pre-insulated piping system solutions for new construction, retrofits, and remodels in the residential and commercial markets. Recognized for best-in-class manufacturing, sustainability, economic development, and as a top workplace, the Uponor group of companies employs about 4,400 professionals in 26 countries in Europe and North America. In 2021, Uponor’s global net sales totaled approximately €1.3 billion ($1.5 billion as of 12/31/21 exchange rate). Uponor Corporation is based in Finland and listed on Nasdaq Helsinki.