RAK Porcelain USA Adds David Faverio as New CFO

RAK Porcelain USA is pleased to announce that David Faverio has joined the company as Chief Financial Officer. Based in the New York Corporate office, Faverio comes to RAK Porcelain USA from Chromate, an MRO distribution company, where he was the CFO/Controller.  David began his career in banking and worked his way to Vice President, Commercial Lending Officer with Citibank, N.A.  After 7 years, his focus shifted to corporate finance as the Chief Financial Officer of MITEQ, Inc., a satellite communications equipment manufacturer in Hauppauge, NY.

“I am very excited to join the team at RAK Porcelain USA,” says David Faverio. “RAK Porcelain is an incredibly dynamic and fast-moving company, so I look forward to using my financial skills and experience to help take them to the next level.”

While at MITEQ David championed the purchase and renovation of two commercial buildings, the acquisition of a company in Illinois, implemented an ERP system, and was involved in improving the company efficiency with LEAN Manufacturing.  When he left the company, it employed 600+ people with more than $120 million in annual revenues.  He will utilize his diverse experience to establish the foundation for RAK Porcelain USA’s future growth.