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Inovonics Salutes “Wolf” Rietz

Retiring "financial wizard" was feted by his co-workers

Wolfgang Rietz
Wolfgang Rietz

Manufacturer Inovonics is saluting longtime employee Wolfgang Rietz on his retirement.

Founder Jim Wood described Rietz as “the helpful and happy financial wizard of Inovonics.”

“Inovonics has been both a short-term and career home to many fine people over our history, but in the almost 50 years we’ve been in business, this is the first formal retirement we’ve celebrated,” Wood said.

Rietz — known to many as Wolf — has been with the company more than 20 years.

The company celebrated his retirement recently with a “socially-distanced” barbecue at its headquarters in California. He and his wife Marge are relocating to Idaho.

President/CEO Ben Barber said Rietz instituted formal bookkeeping and accounting processes that provided clear indications of the firm’s financial direction and tendencies.

“From the very first day, Wolfgang strove to move Inovonics and its procedures forward. He streamlined processes with the goal of making all aspects of accounting more concise, measurable and controllable,” Barber said.

He’s shown in the photo at bottom with co-workers at the 2004 NAB Show.

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Wolfgang Rietz at NAB 2004
Rietz, right, with colleagues at NAB Show 2004.