FlightSafety International announced that Rick Madarasz has been promoted to treasurer and chief financial director. 

Madarasz joined FlightSafety in 2017 as financial director and has since been responsible for general accounting, reporting and financial related matters. In his new role, he assumes additional responsibilities including cash management, credit and collections, invoicing and disbursements. 

Prior to joining FlightSafety, Madarasz had held senior financial positions in various industries, most recently as chief financial officer of a firm specializing in Building Commissioning in the construction industry. Prior to that he was vice president – accounting & controller of an NYSE listed medical device manufacturer. Earlier he was vice president of Finance & Administration of the North American subsidiary of a German steel company, and an audit manager at Price Waterhouse. Madarasz holds a Bachelor of Business Administration degree in accounting from Hofstra University and is a certified public accountant.