Precision Production announced the promotion of Rick Sykora to Chief Financial Officer. Sykora joined Precision Production in 2023 as Director of Finance & Accounting. Since then, he has played a key role in strengthening the company’s financial foundation, supporting strategic growth initiatives, and helping shape its long-term vision.
Most recently, Sykora was instrumental in leading the financial and transactional efforts tied to Precision Production’s successful management-led private equity buyout, which returned the company to independent ownership.
As Chief Financial Officer, Sykora will oversee all aspects of the company’s financial operations, including banking and lending relationships, capital planning, financial reporting, tax strategy, audits, and long-term financial planning.
He will continue working closely with Precision Production’s leadership team to support investments in growth, operational excellence, and customer success.
Sykora’s promotion comes as Precision Production builds on the momentum from its recent transition to independent ownership and continues investing in its people, technology, manufacturing capabilities, and customer partnerships.
Precision Production is a $20+ million ISO-certified manufacturer of precision machined components headquartered in Strongsville, Ohio, with a distribution center in Middleburg Heights, Ohio. The company serves industrial, OEM, and global supply chain customers.
KEY QUOTES:
“Rick has made an extraordinary impact on our organization since joining Precision Production. His leadership, financial expertise, and strategic mindset were invaluable throughout our recent management buyout and have helped position the company for continued success. Rick is a trusted partner to our leadership team, and this promotion reflects both his significant contributions and the confidence we have in his ability to help lead Precision through its next chapter of growth.”
Bryon Shafer, President and CEO of Precision Production
“I am honored to step into the CFO role during such a transformative chapter for Precision Production, LLC. I look forward to partnering closely with our leadership team to drive scalable growth, optimize our financial strategy, and continue delivering exceptional value to our customers and stakeholders. Finance should not just report the story; it should help write the next chapter. I’m excited to see what the future holds for all of us at Precision.”
Rick Sykora, Chief Financial Officer of Precision Production
