Gorman-Rupp Announces Chief Financial Officer Succession Plan

05.08.2016

The Gorman-Rupp Company announces that Wayne L. Knabel, Executive Vice President and Chief Financial Officer, has informed the Company of his decision to retire from the Company effective March 31, 2017.

In connection with his retirement, Mr. Knabel plans to step down from his executive officer positions of Executive Vice President and Chief Financial Officer effective December 31, 2016. Mr. Knabel will remain employed with the Company as a succession planning and strategic planning advisor to the Chief Executive Officer and President, the succeeding Chief Financial Officer and the Board of Directors until his planned retirement date.

The Company announces that effective July 18, 2016, in coordination with Mr. Knabel’s retirement plan described above, Mr. James Kerr will join the Company as Vice President of Finance, and that effective January 1, 2017, the Company plans to appoint Mr. Kerr as Chief Financial Officer, an executive officer position. Prior to joining the Company, Mr. Kerr, age 54, most recently served as Executive Vice President and Chief Financial Officer of Jo-Ann Stores, Inc., a formerly publicly-held retail chain of residential consumer products in excess of $2 billion. Mr. Kerr was with Jo-Ann Stores, Inc. for the last 17 years where he previously held the position of Vice President and Controller until 2006. In 2011, Jo-Ann Stores, Inc. was acquired by an investment firm, Leonard Green & Partners. Mr. Kerr also served from August 2014 to March 2015 as interim Chief Executive Officer in addition to his Chief Financial Officer position.

More articles on this topic

BPMA Reaches Record Membership Number

19.08.2020 -

The British Pump Manufacturers Association (BPMA) – the organisation which represents the business interests of UK and Irish suppliers of liquid pumps and related pumping equipment – has further increased its membership to a record number of 98 companies.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Events

    « November 2020 » loading...
    M T W T F S S
    26
    27
    28
    29
    30
    31
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    1
    2
    3
    4
    5
    6
  • JOB MARKET