CEA Industries announces new CFO

CEA Industries Inc. has appointed Ian K. Patel as Chief Financial Officer and Treasurer of the Company, effective March 11, 2022.

“Ian brings a proven track record of delivering results and accelerating growth, and our Board of Directors and I are thrilled to welcome him to the executive management team,” said Tony McDonald, CEA Industries Chairman and CEO. “Ian’s extensive experience advising and leading organizations in their finance activities will serve our company and our shareholders well.”

Mr. Patel has extensive experience as a financial leader, having held several executive roles in the energy sector and investment companies and spearheading improved processes to their financial models and risk management compliance.

“I am excited to step into the CFO role at CEA Industries to support the company in its continued execution of its strategic plan, to accelerate growth and to deliver value to its shareholders,” said Mr. Patel.

Biographical details
Ian Patel was most recently the Consultant CFO for Maxwell Financial Labs, Inc., a B2B SAAS mortgage servicer. At Maxwell he advised the company on their accounting and risk management processes, long and short-term financial models and led their capital raising efforts for subsidiary businesses.

Prior to Maxwell, he served as Vice President of Finance, Treasury and Investor Relations for Fourpoint Energy LLC, a $5 billion multi-strategy energy enterprise. At Fourpoint Energy he led finance, planning and risk management.

Before Fourpoint Energy, Mr. Patel served as CFO at True Oil Company, LLC / S&A Resources LLC, a private equity-backed oil and gas company. Prior to True Oil he was Director of Investment Banking at Citigroup Global Energy where he provided strategic advice to energy companies on issues including capital structure, M&A, and debt/equity capital raises.

Other positions Mr. Patel has previously held include Investment Banking Associate for Goldman Sachs & Co., and Corporate Lawyer, Mergers and Acquisition, for Debeovoise & Plimpton, LLP.

Mr. Patel holds an MBA from The Wharton School and a Juris Doctorate from Harvard Law School.

For more information:
CEA Industries 

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