EF Hutton hires new CFO as business looks to grow

Dec 09, 2016
Michael Cooper/Staff
Chris Daniels and John Daniels of EF Hutton America raised its flag outside of its newly-renamed EF Hutton Tower at One Main Street on Sept. 2. The company is expected to bring 400 jobs to Springfield. MICHAEL COOPER/STAFF

EF Hutton America announced it has hired a new CFO to help move the company forward in 2017 as it markets new products and plans to hire more employees.

Steve Zofkie, a veteran executive with experience at other Miami Valley businesses like NCR, has been tapped as the company’s new chief of finance.

“The opportunity to be on the ground floor of what is an old name, but kind of a new start up in a lot of different ways is a great interest to me,” Zofkie said.

The company, which is making a big bet that its historic EF Hutton branding will resonate with customers, will offer investment services with a low fixed fee.

EF Hutton leaders said they will announce its third quarter earnings results later this month, delayed by the company’s move in September and October to the new Clark County headquarters.

“I know what this company can do for the region,” Zofkie said.

It’s important, he added, to be able to build a great company, not only in local aspect but on a national level.

There are going to be growing pains, Zofkie said, but they hope for rapid growth as the year end and 2017 begins.

As a publicly-traded company, EF Hutton and Zofkie will be responsible for quarterly and annual reports on the business input and output.

He has experience doing that from his more than 20 years at NCR, CEO Christopher Daniels said..

“We spent a fair amount of time trying to find the right person to this department together,” Daniels said.

The company plans to hire more employees by the year’s end, Daniels said, and continue to slowly grow into 2017.

People in the community need to be “realistic” about how fast EF Hutton can grow, Daniels said. The company has pledged to create 400 local jobs over the first five years.