Bel Fuse Inc. Welcomes Farouq Tuweiq as New CEO in 2025

Farouq Tuweiq Takes the Helm as CEO of Bel Fuse Inc.

Bel Fuse Inc. (NASDAQ: BELFA and BELFB) is undergoing a significant leadership transition as it ushers in a new era with Farouq Tuweiq stepping up as the next President and CEO. This change is poised to happen immediately following the company’s upcoming Annual Meeting of Shareholders, scheduled for May 27, 2025, marking the end of an illustrious 24-year leadership by Daniel Bernstein.

A Milestone Transition in Leadership

The transition has been announced by the Board of Directors, highlighting Daniel Bernstein’s notable 46 years of service at the company, which includes overseeing an extraordinary growth journey. After successfully leading Bel through extensive expansions, Bernstein will assume the role of Non-Executive Chairman of the Board of Directors after stepping down as CEO.

Record Growth Under Bernstein’s Leadership

Daniel Bernstein has been at the forefront of Bel's transformation since 2001. Under his stewardship, the company accomplished 19 acquisitions, successfully elevating annual sales from under $100 million to over $600 million. Bernstein built upon the foundations laid by his father, Elliot Bernstein, the company’s founder, ensuring continuity in the brand’s reputation and product quality. His strategic vision has not only diversified the company’s offerings but has also expanded its presence into various markets.

A Legacy of Excellence

During his tenure, Bernstein has navigated Bel through numerous challenges, transforming it into a resilient organization. Notably, in recent times, the company has recorded unprecedented profitability and stock valuation. Bernstein expressed his pride in Bel's achievements and noted the readiness for a leadership transition.

Introducing Farouq Tuweiq: The New Visionary Leader

Farouq Tuweiq, who joined Bel as Chief Financial Officer in 2021, will take on the role of President and CEO. His contributions over the past four years have been pivotal in reshaping the corporate strategy and enhancing financial discipline, both of which have significantly supported the company’s record performance.

Password to Success: Teamwork and Transformative Leadership

Tuweiq's collaboration with Bernstein and the executive team has vindicated a shared vision for excellence. As he prepares to transition into this new role, he highlights the importance of the values instilled in Bel and expresses gratitude for Bernstein's mentorship. Tuweiq is motivated to maintain the momentum generated during Bernstein's leadership and believes in the capabilities of Bel's teams worldwide.

Looking Forward: The Future Under New Leadership

The Board of Directors and Lead Director Peter Gilbert have expressed gratitude for Bernstein’s dedication to the company. They are optimistic about Tuweiq's vision to guide Bel into new milestones as they navigate the future. The recent leadership changes reflect a commitment to continuing the legacy of growth and success that has characterized Bel Fuse Inc.

Conclusion

With Tuweiq set to become President and CEO of Bel Fuse Inc., the company is on the brink of new opportunities. This leadership change signifies an evolution wherein Tuweiq can leverage his financial acumen and operational insights to propel Bel toward future achievements.

Frequently Asked Questions

Who is the new CEO of Bel Fuse Inc.?

The new CEO of Bel Fuse Inc. is Farouq Tuweiq, taking over from Daniel Bernstein effective May 27, 2025.

How long did Daniel Bernstein serve as CEO?

Daniel Bernstein served as CEO for 24 years, contributing a total of 46 years at Bel Fuse Inc.

What significant changes did Bernstein implement during his tenure?

Bernstein oversaw 19 acquisitions and grew the company's sales from less than $100 million to over $600 million.

What will happen to Daniel Bernstein after he steps down?

After stepping down as CEO, Bernstein will serve as the Non-Executive Chairman of the Board of Directors.

What previous role did Farouq Tuweiq hold before becoming CEO?

Before becoming CEO, Farouq Tuweiq was the Chief Financial Officer of Bel Fuse Inc.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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