Envela CFO Bret Pedersen steps down, John DeLuca to succeed

Envela Corporation announced that after seven years as the Company’s CFO Bret Pedersen is stepping down. Following a planned succession process, John DeLuca will be appointed as the new CFO, beginning March 25, 2024. DeLuca currently serves as the company’s Vice President of Finance and Commercial Segment Controller. As CFO, he will report directly to Envela’s CEO, John Loftus. Pedersen will transition to a new role within Envela, serving as Vice President and Strategic Advisor until the end of 2024.