The injection molder in West Des Moines, Iowa, employs 162. The company just took delivery in May of press No. 33, a 2,500-tonner that will help fill out its range of 40-3,300.
The firm's main market is agriculture (Deere & Co. is its largest customer), followed by recreation (ATVs, snowmobiles and personal watercraft).
The agriculture industry is suffering, which definitely affects i2tech sales, but thanks to an uptick in the recreation industry, “we haven't seen that much of a drop-off,” Endecott said recently by phone.
I2tech Chairman Robert Janeczko credits her with growing sales from $18 million in 2003 to about $40 million this year. He also notes Endecott's role in the firm's 2013 entry into the automotive market, which now accounts for about 5 percent of i2tech's business.
When Janeczko first sought to form Innovative Injection Technologies in 2003 by buying the sole remaining plastics operation of Morton Industrial Group Inc., where he was an executive, Endecott “engineered a financial syndicate to provide funding,” he said in nominating her for the Plastics News CFO award.
He praised her risk-management skills and said she verified hundreds of Six Sigma suggestions, approving more than $3.2 million in cost savings. She also lowered borrowing costs by renegotiating $15 million in loans.
She received a public service award in 2008, the same year i2tech was named PN's Processor of the Year.
Fortune.com reported in February that, while the number of female CFOs is increasing, women hold only 11.6 percent (58) of the CFO positions in Fortune 500 companies.
Endecott is the only woman among the company's top executives, but said her gender has never been an issue at i2tech.
“I worked on F-15 fighter aircraft. I know how to work with men in a field that's typically male-dominated,” she said. “I had to fight my way to the top there, and I thought, I can do this just as well.
“They respect me for my knowledge and what I can do.”
Janeczko described Endecott as a “selfless leader” who has “used her military discipline and experience to focus on company missions and strategic and tactical objectives.”
Endecott entered the U.S. Air Force as an airman in 1982 and left in 1987 as a staff sergeant. Her time in the military helped her overcome her “extremely shy” nature, she said.
While stationed in Germany, she traveled around Europe, which taught her to appreciate adventure and helped her mature, she said.
A family atmosphere