President & CEO Message

All of us at Chester, Inc. – Board of Directors, senior management, and employees – share a strong believe that doing business the right way will help us continue to serve our customers far into the future.

Chester Inc. is a unique company with the capability as a provider of engineered solutions that truly sets us apart from other electronic component distributors. Engineered solutions range from a single component to a complete integrated system designed to meet our customers’ requirements.

We are working hard to improve the efficiency of our internal operations. In late December, we began attacking areas such as freight, inventory management, supplier and service agreements, staffing levels, and began general cost-cutting initiatives. We are working to realign the company’s support structure to create visibility into costs, to drive accountability, and to reduce overall fixed costs.

Chester Inc.’s team is focused and committed to producing solid financial results for 2016. We have improved visibility and awareness into our financial metrics—both from a P&L and balance sheet perspective. On a daily basis, we review sales, margin and inventory levels. To better align the team with our financial objectives, we have changed the incentive plans to include a working capital component in addition to earnings.