Reyco Granning has announced that Dave Compton has decided to retire effective September 30, 2015. During Compton’s 4-yr tenure, the company has achieved revenue growth of 55% and expanded its workforce by 30%. Compton will stay on-board as a consultant until December 31, 2015 to ensure a smooth leadership transition. “Dave will be missed. In his tenure as President of Reyco Granning he has provided the business with strong leadership, team building and direction since the business was acquired in 2011. Dave is respected by employees and management alike and earned strong support of the Board. We are grateful for his service and wish him well in his retirement”, said Greg Purse, Reyco Granning Board Chairman.
John W. Stuart, VP of Engineering for Reyco Granning, has been named as Compton’s successor and will commence his role as president October 1, 2015. Stuart has 25 years of experience in the heavy-duty transportation industry where he has focused on: new product development, business development, profit enhancement and global program management. Prior to being named VP of Engineering, Stuart held several senior leadership positions at Hendrickson International and Navistar.
Purse added, “We chose John to succeed Dave based upon his experience and knowledge of the business and industry and his vision for the company and its future. With his strong ability to add structure and accountability to a mature engineering driven business, his focus on change and innovation, and his overall business acumen, we feel that he is the face of the future of Reyco Granning and we are excited for what he brings to the company. He was also recommended by Dave, which is a valued endorsement.”
Stuart had this to say about his new role, “I am deeply honored that the Board has given me the opportunity to lead Reyco Granning and build upon the successes the organization has achieved during Dave’s tenure. During the next few weeks, I will assemble my team and develop strategies to take the company to the next level in the goal of solidifying Reyco Granning’s status as an international leader in suspension solutions.”
For more information, visit www.reycogranning.com.