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World Air Holdings Inc. (WAH) has a bit of housecleaning to do before it can focus on M&A, but with its newly arrived chief financial officer aboard, it could be getting ready to do just that. The $220 million market cap company announced on April 17 that Michael Towe, formerly with General Electric Co., and most recently CFO of $4.3 billion market cap Roper Industries Inc., started as CFO.
Towe replaces interim CFO, Ginger Clark, who took over in December after then-CFO Gilberto Duarte left for another position within the Peachtree City, Ga.-based...