Gardner manufacturer Precision Optics names new CFO
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Precision Optics in Gardner
Gardner manufacturer Precision Optics has named Wayne Coll its new CFO.
Coll was previously CFO at Flowonix Medical in Mansfield and has held the same role at multiple other public companies in the medical device space. He holds a bachelor's degree in accounting and an MBA from UMass Lowell.
"Wayne is a results oriented leader and strategic minded executive who will help us efficiently plan and lead the growth of our business," Precision CEO Joe Forkey said in a Monday press release. "Wayne has more than 30 years of experience driving business models of medical device manufacturing companies, executing strategic M&A activities and managing access to capital markets. I believe Wayne will be a strong addition to the Precision Optics executive team as we enter a new phase of growth and maturity."
Kevin Dahill previously held the CFO position at Precision Optics in interim. Coll’s tenure in the role is effective June 12.
Dan Habhegger was the previous non-interim CFO at Precision Optics, according to his LinkedIn profile. Habhegger served in the role from 2019 until 2023, when he left to be CFO at medical device manufacturer Cirtronics in New Hampshire.
The company became listed on the Nasdaq in fall 2022, and was awarded a $2.6-million defense contact in December. Earlier in June, it announced an expanded line of credit with Main Street Bank of Marlborough, up to $1.25 million in addition to a $750,000 loan, according to a Wednesday press release.
“We are pleased to enter into these expanded borrowing facilities to support our working capital needs as we build upon the rapid growth the company has experienced the past few years,” Forkey said in the Wednesday release.
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