Carey Chen

Senior Advisor


Professional experience

Carey began his career at AlliedSignal (now doing business as Honeywell) working in finance and strategic analysis. He then became Vice President and Chief Financial Officer at Bayliner Marine Corporation (a division of the Brunswick Corporation), and Vice President Finance at Wiremold | Legrand after that.

In 2006, he joined Hypertherm, Inc., where he held several executive roles including General Manager—Light Industrial Businesses, Chief Financial Officer, and Chief Information Officer.

During his tenure as CFO at Hypertherm, Inc., Carey managed the refinancing of the company’s minority-owned ESOP and added a second tranche in 2008, and a third tranche to the ESOP in 2012. He transitioned the company from being a minority-owned ESOP C-Corporation to becoming a 100%-owned ESOP S-Corporation near the end of 2013.

Since 2015, Carey has served as President, CEO, and Vice Chairman of the Board at Cincinnati Incorporated, a Harrison, Ohio-based build-to-order machine tool manufacturer of industrial press brakes, shears, powder metal presses, laser cutting systems, and additive manufacturing systems (BAAM & SAAM).

He also serves as an Executive Trustee of the Employee Ownership Foundation, is an active member of The ESOP Association, and has spoken on a wide variety of employee ownership topics at multiple venues including: The ESOP Association, NCEO, Vermont Employee Ownership Center, and Massachusetts Institute of Technology.

Affiliations

Independent board director at New Valence Robotics, independent board director at Digital Alloys, Inc., independent board of managers member at EconoPure Water Systems, board director and treasurer of the American Welding Society.

Education

Bachelor of Science in Applied Mathematics from the University of California at Los Angeles; Master’s of Business Administration from the University of Illinois at Urbana-Champaign.

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