![Mark Carano](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Mark Carano
Director of Finance/CFO at
SPX TECHNOLOGIES, INC.
Net worth: 4 M $ as of 2026-05-30
Profile
Mark A. Carano is currently an Independent Director at Franklin Electric Co., Inc. since 2025, Vice President at ELXSI Corp., and Chief Financial Officer, Treasurer & Vice President at SPX Technologies, Inc. since 2023.
Former positions include Managing Director-Investment Banking at Deutsche Bank AG from 2000 to 2006, Managing Director-Investment Banking at Wachovia Securities LLC, Managing Director-Investment Banking at Merrill Lynch, Pierce, Fenner & Smith, Inc. from 2006 to 2013, Senior Vice President-Industrial & Corporate Development at Babcock & Wilcox Enterprises, Inc. in 2018, Chief Corporate Development Officer & Senior Vice President at BWX Technologies, Inc., Chief Financial Officer at Big River Steel LLC from 2019 to 2020, and Chief Financial Officer, Treasurer & Senior Vice President at Insteel Industries, Inc. from 2020 to 2022.
Education includes undergraduate studies at Vanderbilt University and an MBA from Kellogg School of Management.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 2026-03-15 | 17,557 ( 0.04% ) | 4 M $ | 2026-05-30 | |
| 2026-05-20 | 0 ( -.--% ) | - $ | 2026-05-30 |
Mark Carano active positions
| Companies | Position | Start |
|---|---|---|
| SPX TECHNOLOGIES, INC. | Director of Finance/CFO | 2023-01-02 |
| ELXSI CORPORATION | Corporate Officer/Principal | - |
| FRANKLIN ELECTRIC CO., INC. | Director/Board Member | 2025-05-06 |
Former positions of Mark Carano
| Companies | Position | End |
|---|---|---|
| INSTEEL INDUSTRIES INC. | Director of Finance/CFO | 2022-12-29 |
Big River Steel LLC
 Big River Steel LLC SteelNon-Energy Minerals Manufactures steel products | Director of Finance/CFO | 2020-05-17 |
| BABCOCK & WILCOX ENTERPRISES, INC. | Corporate Officer/Principal | 2018-10-14 |
Merrill Lynch, Pierce, Fenner & Smith, Inc.
 Merrill Lynch, Pierce, Fenner & Smith, Inc. Investment Banks/BrokersFinance Provides brokerage services | Corporate Officer/Principal | 2012-12-31 |
| DEUTSCHE BANK AG | Corporate Officer/Principal | 2005-12-31 |
Training of Mark Carano
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
96
1st degree connections
12
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 12 |
|---|---|
ELXSI Corp.
 ELXSI Corp. RestaurantsConsumer Services Owns and operates restaurants and hospitality | Consumer Services |
Franklin Electric Co., Inc.
 Franklin Electric Co., Inc. Industrial MachineryProducer Manufacturing Designs, manufactures and distributes water & fuel pumping systems | Producer Manufacturing |
Insteel Industries, Inc.
 Insteel Industries, Inc. Metal FabricationProducer Manufacturing Manufactures and markets steel wire reinforcing products for concrete construction applications | Producer Manufacturing |
Deutsche Bank AG
 Deutsche Bank AG Investment Banks/BrokersFinance Provides investment and corporate banking & asset management services | Finance |
Babcock & Wilcox Enterprises, Inc.
 Babcock & Wilcox Enterprises, Inc. Electronic Equipment/InstrumentsElectronic Technology Engages in power generation business | Electronic Technology |
Wachovia Securities LLC
 Wachovia Securities LLC Investment Banks/BrokersFinance Provides brokerage services | Finance |
Vanderbilt University
 Vanderbilt University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
BWX Technologies, Inc.
 BWX Technologies, Inc. Aerospace & DefenseElectronic Technology Manufactures and supplies nuclear reactor components for submarines and aircraft carriers | Electronic Technology |
Merrill Lynch, Pierce, Fenner & Smith, Inc.
Merrill Lynch, Pierce, Fenner & Smith, Inc. Investment Banks/BrokersFinance Provides brokerage services | Finance |
Kellogg School of Management
 Kellogg School of Management Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Big River Steel LLC
Big River Steel LLC SteelNon-Energy Minerals Manufactures steel products | Non-Energy Minerals |
SPX Technologies, Inc.
 SPX Technologies, Inc. Building ProductsProducer Manufacturing Manufactures and distributes industrial components | Producer Manufacturing |
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