Jun
02
Field Fastener, a family owned, global supplier of inventory management, technical support services, and complete supply chain solutions for fasteners and other “c” class items, has announced the company’s leadership succession plan. Jim Derry, President and CEO of Field, has announced that Adam Derry will be promoted to succeed him as President, effective immediately. In addition, Chris Pauli will be promoted to Executive Vice-President and Chief Financial Officer. Jim Derry will remain the company’s CEO. The new roles reflect the tremendous impact Adam and Chris have had on Field’s growth and culture, and a testament to the confidence Jim and Bill Derry have in their ability to execute on its future growth plans.
In 1990, Jim and Bill Derry acquired Field from Dick Field. Since that time Field has seen aggressive growth; achieving an 18% average growth rate per year due to its world class culture and staying customer centric. Field currently has operations in Rockford, IL, Tyler, TX, Florence, SC, Troy, IL, Monterrey and Monclova, Mexico, and Kaohsiung, Taiwan. Under Jim’s leadership, Field grew beyond $100 Million, and rolled out the 30-Fieldamentals, which is at the heart of Field’s culture. As CEO, Jim will focus on key customer relationships, acquisitions, and facilitating strategic planning.
“It has been an honor and privilege to lead the Field Team for the past 8 years, I have had the best job on the planet! It is the right time for a leadership change; Adam and Chris have been preparing for this change for years and are both ready to take over. The organization is also ready, our culture is better than ever, our value proposition has never been stronger, and the future is very promising for Field. Adam and Chris will do a great job leading the team going forward.”
Adam Derry will take over as President of Field on May 31st, 2022. In this role, Adam will provide strategic direction for the entire organization, ensuring Field achieves its financial and organizational objectives. Adam will have overall accountability towards Field’s operating plan, and ten-year strategic plan, as well as protecting and enhancing the Field culture as it continues to grow. Adam joined Field in 2006 and has been most recently serving as the Chief Customer Officer since 2018, and on its board of directors since its inception in 2015.
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