Succession Planning
Concepts NREC Appoints New CEO
As longtime CEO David Japikse retires, COO Sean McDermott will take over the leadership role of the company.
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Made in the USA - Season 1 Episode 5: Succession - A Family Machine Shop Story
The story of Geno and David DeVandry reflects the sea change in machine shop ownership facing this country as baby boomers reach retirement age. The change in leadership from father to son at their family-owned machine ship required a new mindset, a new way running the family-owned business, and that one generation let go and allow a new one to step in.
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When Handing Down the Family Machine Shop is as Complex as a Swiss-Turned Part
The transition into Swiss-type machining at Deking Screw Products required more than just a shift in production operations. It required a new mindset and a new way of running the family-owned business. Hardest of all, it required that one generation let go, and allow a new one to step in.
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Top Shop Builds Upon Employee Ownership for Future Success
In its quest to become the Fox Valley’s best-in-class employer, A to Z Machine has adopted an ESOP, expanded benefits and invested in apprenticeships.
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Stars Slowly Align for Small Shop Merger
RPM Tool’s seemingly overnight expansion from a five-person machine shop to an almost 30-employee production business involved over a year and a half of planning.
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Methods Machine Tools Set to Acquire Koch Machine Tool
Methods notes that after finalizing the agreement, machine shops throughout Texas will be able to use its applications and automation teams to solve complex machining challenges.
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RobbJack Corporation Names New President
Over his 26 years at RobbJack, Michael MacArthur has developed a reputation for building relationships and providing innovative solutions to meet customer challenges.
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Cenit Elects New CEO as Former Leader Resigns
Peter Schneck will assume the role of CEO on January 1, 2022. Kurt Bengel, the outgoing CEO, will resign his position on December 31, 2021 and leave the company after more than 33 years with Cenit.
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Modern Machine Shop and ProShop ERP Announce New Conference
The Machine Shop Ownership Change Conference focuses on setting up shops to succeed during transition. The digital event provides shop owners information to improve their company value, reduce the risk of their business transition and increase their chance of success.
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Two Generations of Lessons from the Shop Floor
There are many hard-won lessons that come from running a family-owned shop, here are a few favorites.
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