Thermadyne announces appointment of ex EY Tax Partner, Steven A. Schumm

Thermadyne Holdings Corporation has announced the appointment of Steven A. Schumm, CPA, as its Executive Vice President, Chief Administration Officer and Chief Financial Officer.

“Steve brings more than 30 years of financial experience and executive leadership to the Company,” said Paul D. Melnuk, Chairman and CEO of the Company. “We have benefited from Steve’s financial and business savvy, organizational support and expertise for the past four months while he led the organization through its challenges relating to its financial closing process and financial reporting compliance. We are very pleased to welcome him to our company and our executive leadership team.”

Mr. Schumm was formerly the Executive Vice President, Chief Financial Officer of LaQuinta Corporation, a NYSE-traded lodging services company recently acquired by Blackstone. Prior to that, he was with Charter Communications, a NASDAQ-traded telecommunications company, for six years as Executive Vice President, Chief Administration Officer. Mr. Schumm was also appointed Interim Chief Financial Officer of Charter with the termination of its CFO and the resignation of its COO. He directed the restatement and re-audit of its financial statements, the resolution with the SEC of various accounting method issues and the resolution with its lenders of certain financial covenant issues. Previously, he had a highly successful 25-year career with Ernst & Young, LLP, reaching the position of National Director of Industry Tax Services and St. Louis Office Managing Partner.

ABOUT THERMADYNE

Thermadyne, headquartered in St. Louis, Missouri, is a leading global marketer of cutting and welding products and accessories under a variety of brand names including Victor(R), Tweco(R) / Arcair(R), Thermal Dynamics(R), Thermal Arc(R), Stoody(R), and Cigweld(R).