11/22/2010
HEADLINES
Powers Fasteners Names New CEO
L-R: Frederic Powers III Jeffrey Powers, Mike Fergus, and Chris Powers
Powers Fasteners announced a strategic succession of management for its family-owned business, Construction Distribution reports.
Jeffrey Powers was promoted to CEO of Powers Fasteners global business. He replaces Chris Powers, who will assume the role of chairman.
Former purchasing VP Frederic Powers III was named president of Powers Fastener Inc., whose operations include 26 warehouses and 185 employees in the U.S.
Mike Fergus, a former global operation VP at Black & Decker’s Accessories Division, was appointed purchasing VP for Powers Fasteners Inc.
“These corporate changes represent the natural evolution of a rapidly expanding business,” stated Chris Powers. “Powers Fasteners is currently a healthy, dynamic entity poised to expand on a global basis.”
“Our father and grandfather laid the foundation for this business more than fifty years ago, and today’s changes represent a step forward in securing the success of the Powers brand and legacy for our customers long term.” ©2010 GlobalFastenerNews.com
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