Phil Battaglia

Optimas Solutions, an industrial manufacturer and distributor of fastener products, recently announced the appointment of Phil Battaglia as its new chief financial officer (CFO). Battaglia has more than 25 years of financial management and reporting expertise, most recently including leadership experience at Caterpillar Inc.

“We are delighted to have Phil on board in such an important role for us,” said Daniel Harms and Mike Tuffy, co-CEOs of Optimas. “As we continue to elevate our business, we needed someone in our CFO position with the financial acumen and customer-oriented thinking that Phil brings to us. We believe Phil will be essential to strengthening Optimas’ solid financial foundation and partner with us to ultimately enhance how we serve our customers.”

Battaglia comes to Optimas from Caterpillar, where he held various positions, including vice president of financial planning and analysis, CFO of Caterpillar’s product support and logistics division, and assistant corporate treasurer. Prior to Caterpillar, he was an investment banker at Citi where he advised customers in the industrials and mining sectors on M&A and financing transactions.

“Optimas is well positioned for a successful future driven by our customers’ needs,” Battaglia said. “I think I can bring that customer perspective to Optimas given my experience at Caterpillar. While I was there, I worked with suppliers such as Optimas and understand what OEMs want and need. I’m excited about the long-term impact of the Optimas team, its products and processes, not only for us, but more importantly for our customers.”

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