Inductotherm Group announces leadership transition
August 14, 2024
Thermal processing technologies company Inductotherm Group, headquartered in Rancocas, New Jersey, USA, has announced that Gary Doyon has stepped down after fifteen years as CEO, and thirty-eight years with the company. Mick Nallen and Satyen Prabhu will act as Inductotherm Group’s new co‐leaders, leveraging their complementary strengths and experiences.
Inductotherm Group is the parent company of Consarc Corporation, known for its design and manufacture of a wide range of advanced vacuum and controlled atmosphere furnaces for the processing of metals, specialty alloys, and engineered materials. The first Consarc specialty furnace was developed over sixty years ago, and today, it is said that over half the vacuum or controlled-atmosphere melting furnaces around the globe bear the Consarc name.
Although stepping down as CEO, Doyon intends to remain actively involved with the company. He will continue to serve as the only non‐family member on the parent company board, assisting with specific operational needs of other businesses owned by the Rowan family and pursuing new business avenues and opportunities for the Inductotherm Group. This transition is part of Doyon’s planned succession strategy, which aims to ensure the continued growth and success of the Inductotherm Group.
“We greatly appreciate and thank Gary Doyon for his exceptional leadership over the past fifteen years,” stated Virginia Rowan Smith, Inductotherm Group Chairman. “The Inductotherm Group is positioned for great things in the future based on its strength today. As we move forward with our succession plans, we are confident that the new leadership will continue to uphold the high standards and legacy that Gary has established.
“We are pleased to announce that Mick Nallen and Satyen Prabhu have been selected to be Co‐Leaders,” added Smith. “This management strategy fits perfectly with the fact that our business is large, growing fast, and becoming wider in product technologies around the world. Mick and Satyen have come up with strong business plans that meet our family’s goal of maintaining a stable, customer‐focused, and technology‐centric business. We have an exciting future ahead of us.”
As part of their new roles, Nallen and Prabhu will focus on thought leadership, market comprehension, and a deep understanding of the thermal processing industry’s various sectors. Their strategic vision is expected to ensure that the group continues to deliver cutting‐edge induction technologies while preserving the core values and vision of its founder, Henry Rowan.
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