Elkay Manufacturing has appointed Ric Phillips as its new president and CEO, replacing Tim Jahnke.
Jahnke, who has led the company since 2007, is retiring from day-to-day leadership and will now concentrate on his role on the company’s board of directors.
Elkay manufactures plumbing and water delivery products and is the parent of Elkay Interior Systems (EIS), an interior design and manufacturing company, and Elkay Commercial Systems, a stainless steel commercial kitchen products business.
The firm described Ric Phillips as a seasoned senior executive with deep experience developing strategy, driving execution, negotiating transactions, and positively impacting organizational culture.
He was previously president and chief executive officer of Essendant, Inc., where he rebuilt the company’s overall strategy and oversaw the largest restructuring in its history.
Before his promotion to CEO, Ric was president of Essendant’s ORS Nasco Industrial business and also Group President of the company’s Industrial Portfolio.
Speaking about his appointment, Phillips said: “It is an exciting time to join Elkay, and I feel honored to fill this important role at such a pivotal moment in the company’s history.
“Elkay is a vibrant, rapidly-growing global enterprise spanning multiple industries that also happens to be turning 100 years old in January 2020.
“I look forward to celebrating this remarkable milestone and working with the company’s 2,500 employees around the world to continue advancing our ingenuity and innovation and providing world-class service to an ever-expanding set of global customers.”
Ron Katz, Elkay’s chairman of the board of directors, said: “Our company is family-owned and professionally-managed. We have always strived to find company leaders – whether from within the company or professionals from outside – who are the best people for their leadership roles.
“For the past twelve years, Tim Jahnke has been a sterling example of a professional leader who has led the company masterfully while consistently exemplifying our values.
“As Tim steps away from day-to-day leadership and more fully into his position on the board, it is a pleasure that a leader of Ric’s caliber has agreed to join our company in this key leadership role as President and CEO. I have every confidence in his ability to lead our company forward.”
Jahnke added: “We are extremely fortunate to have attracted such a high caliber chief executive with strong credentials and remarkable experience.
“Ric has a distinguished background in developing and executing high-performance business strategies across a wide variety of business sectors.
“His unwavering commitment to customer focus, respectful and inspirational leadership style and well-earned reputation for building high-performance teams make it easy to confidently pass the torch as I step more fully into my position on Elkay’s Board.
“I know that under Ric’s stewardship, Elkay will continue on our path of accelerated growth and exceptional financial performance.”