CINCINNATI, June 13, 2018 /PRNewswire/ -- KYOCERA SENCO
Industrial Tools, Inc. (formerly SENCO Brands, Inc.) today
announced that President, Chief Executive Officer and Board Member
Ben Johansen is retiring in July 2018
as part of a planned internal succession strategy. He will be
succeeded by Clifford Mentrup, the
company's current Chief Operating Officer and Board Member.
Johansen, 58, has been President and CEO since January of 2010.
He was appointed soon after SENCO was acquired by Wynnchurch
Capital, who purchased the fastener and tool manufacturing business
in 2009.
As CEO, Johansen steered the company out of the Great Recession
and led the company into a position of financial strength, during
which it has produced consistent year-over-year revenue and profit
growth. After more than seven years under Johansen's leadership,
SENCO was purchased by Kyocera Corporation in August 2017.
Johansen's successor, Cliff
Mentrup, 47, joined SENCO in the fall of 2000. During his
nearly 18 years with the organization, Mentrup has led several key
company operations, including manufacturing, distribution, customer
service, human resources and risk. He has also managed the
company's legal activities, led multiple mergers and acquisitions,
and served as a key member of the leadership team that strengthened
SENCO's financial and global position. Mentrup was named Chief
Operating Officer and was appointed to the board in August 2017.
"I'm very proud of what we've accomplished at SENCO since I
joined as CEO, including SENCO's transition to its new ownership
under Kyocera, which has been a great success," Johansen said.
"Cliff and I have worked together for more than eight years, and I
leave confident that under his leadership, KYOCERA SENCO will
continue to evolve and grow."
"I am thankful to Ben for his leadership in building a strong
SENCO, and I've enjoyed working closely with him to position the
company for long-term success," Mentrup said. "Today, our synergies
with our new owner Kyocera are providing many new opportunities for
growth. I'm honored to be chosen as Ben's successor, and I look
forward to leading KYOCERA SENCO successfully into the future."
About KYOCERA SENCO Industrial Tools, Inc.
KYOCERA SENCO Industrial Tools was formed in August 2017 when Kyocera Corporation
(NYSE:KYO)(TOKYO:6971) acquired SENCO Holdings, Inc., a leader in
creating fasteners and power fastening tools for residential,
commercial, manufacturing and construction applications. Originally
established in 1948, SENCO is renowned for its excellent product
quality and diverse product line, which includes pneumatic and
electric nailers, staplers, screw systems and compressors, as well
as nails, staples, screws and specialty fasteners. KYOCERA SENCO's
manufacturing and marketing are concentrated in the U.S. and
Europe, with products sold in more
than 40 countries worldwide.
About KYOCERA
Kyocera Corporation (NYSE:KYO/TOKYO:6971;
http://global.kyocera.com/), the parent and global
headquarters of the Kyocera Group, was founded in 1959 as a
producer of fine ceramics (also known as "advanced ceramics"). By
combining these engineered materials with metals and integrating
them with other technologies, Kyocera has become a leading supplier
of cutting tools, electronic devices, semiconductor packages,
printers, copiers, mobile phones, solar power generating systems
and industrial components. During the year ended March 31, 2017, the company's consolidated net
sales totaled 1.42 trillion yen
(approx. USD12.7 billion). Kyocera
appears on the "Top 100 Global Innovators" list by Clarivate
Analytics and is ranked #522 on Forbes magazine's 2017
"Global 2000" list of the world's largest publicly traded
companies.
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SOURCE KYOCERA SENCO Industrial Tools, Inc.