Michael Turner, Incora Chief Financial Officer [Photo: Incora]
Veteran financial executive Michael Turner is joining Fort Worth-based Incora as chief financial officer, effective June 2, the company announced.
Incora, a global provider of supply chain management solutions in the aerospace, defense, and industrial sectors, said Turner will lead its global finance organization, including planning, operational finance, treasury, tax, and investor relations.
Incora CEO David Coleal called Turner a strong addition to the leadership team.
“As a proven chief financial officer, Michael brings unique experience to the executive team,” he said in a statement. “We believe his expertise and leadership will be instrumental in driving growth and generating financial results to create long-term value for our customers, employees, and owners.”
Turner most recently served as executive vice president and CFO at Vibrantz Technologies. He also held CFO roles at publicly traded 3D Systems and Innovative Chemical Products, and served as global business unit CFO at Albemarle for the company’s bromine and catalyst divisions. He brings more than 20 years of financial leadership experience across public and private companies.
“I’m thrilled to join Incora at such a pivotal and transformative time for the business,” Turner said.
“The company’s strong value proposition, centered on delivering innovative supply chain solutions, is unmatched in the industry,” he added. “With a clear focus on operational excellence and strategic growth, this is an exciting opportunity to be part of a talented executive team driving the next chapter of Incora’s success.”
Post-bankruptcy growth strategy
Turner joins Incora just months after the company successfully emerged from Chapter 11 bankruptcy protection in January. The court-approved restructuring significantly reduced the company’s debt, brought in new institutional ownership, and led to a restructured board of directors—now chaired by Robert Nardelli, the company’s non-executive chairman and former CEO of Home Depot and Chrysler.
“This marks the dawn of a new era for our business,” Coleal said at the time. “We now stand poised to seize new opportunities for growth.”
That growth includes global expansion. In December 2024, Incora announced two new facilities: a 200,000-square-foot chemicals warehouse in Sacramento, California, to support its West Coast operations, and a 17,000-square-foot warehouse in Bangalore, India, aimed at serving the region’s growing aerospace market. The Bangalore facility also supports India’s national “Make in India” initiative.
The facilities are part of Incora’s five-year growth strategy, designed to enhance logistics capabilities, improve customer service, and create jobs.
Leadership transition
Turner succeeds Ray Carney, who has served as CFO since 2020. Carney joined Incora as chief accounting officer and global controller and later assumed the CFO role during a pivotal period for the company.
“We’d also like to thank Ray Carney for his dedicated tenure as CFO,” Coleal said. “He has been a critical member of Incora’s leadership team, and we wish him the best in his future endeavors.”
Incora has more than 3,800 employees across 68 locations in 17 countries. Headquartered in Fort Worth, the company manages all aspects of supply chain—from procurement and inventory management to logistics and on-site customer service—for a broad range of industries.
Quincy Preston contributed to this report.
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