Richard C. Telesmanich, B.B.A., is responsible for all treasury, finance, risk management and accounting functions for the company. Mr. Telesmanich graduated from Niagara University, City of Niagara Falls, NY in 1974. He joined Moretrench in 1991 and was appointed to the Board of Directors of the company in 1994.
Mr. Telesmanich’s expertise and experienced management and oversight have contributed significantly to the continued growth and profitability of the company. During his tenure, he has been instrumental in the development and successful implementation of a structured program of critical profit and organizational initiatives aimed at improving manpower, equipment and capital utilization. These initiatives include the reorganization of operations into distinct profit centers to significantly improve margins; introduction of a flexible cost control and tracking system to further strengthen internal controls; installation of an accounting and MIS system to allow management staff to access information and reports in real time in order to facilitate management of profit center and corporate activity; and the financing and establishment of Moretrench as a 100% ESOP corporation.