KUALA LUMPUR, Aug 21 (Bernama) -- IDEAL INDUSTRIES INC chairman and chief executive officer (CEO), Jim James will retire on Jan 31 next year.
Illinois Tool Works (ITW) group president, Steve Henn will succeed him as the CEO on Sept 23.
Meanwhile, as long-planned, a fourth-generation family executive, Meghan Juday will become the chairman of the 103-year old family company on Feb 1, 2020, when James retires.
“I believe that after 11 years or so, it is time others get an opportunity to make their mark on the organisation,” said James, who announced his decision to the family and board of directors in the past two years.
Commenting on the new CEO appointment, the succession committee chairman, Chris Baldwin noted that Henn brought proven expertise in global management, acquisitions and integrations, innovation, high performance team development and manufacturing.
“He is consistently produced revenue and profit growth in dynamic, challenging and changing markets,” Baldwin added.
IDEAL INDUSTRIES INC is a diversified global family business, designing and manufacturing superior products, tools advanced technology solutions for various industries.
-- BERNAMA
No comments:
Post a Comment