2/2/2011
HEADLINES
Acument Global Technologies Appoints New CEO
Acument Global Technologies Inc. appointed Patrick Paige as President and CEO, effective February 1, 2011.
Paige replaces Rick Dauch, who had served as CEO of Acument since June 2008. Dauch, who is widely credited with overseeing extensive restructuring at Acument to strengthen the company, left Acument to become CEO of commercial vehicle components Accuride Corp.
Paige’s promotion “provides continuity of direction and business priorities,” communication director Timothy Weir told FIN.
Since joining Acument in July 2008 as Vice President and Chief Administrative Officer, Paige has had full responsibility for leading the company’s Human Resources, Legal, Information Technology, Public Affairs and other corporate functions, as well as general management responsibility for the Acument Italia, srl unit in Aprilia, Italy.
During this time, he also led the company’s UK-based Avdel global blind fastening business as its VP and general manager, directing operation of its manufacturing and distribution resources in seven countries. He improved Avdel’s operating performance and played a meaningful role in transitioning the business to new ownership in August.
During his more than 20-year career, Paige also has held senior leadership positions with Johnson Controls, American Axle & Manufacturing and Chrysler Corp. From 2004 to 2008, he served as Vice President – Human Resources, for the North American automotive unit of Johnson Controls, Inc.
Prior to that, he gained a decade of operations, legal, and HR leadership experience with American Axle & Manufacturing, during which he had full P&L responsibility as President and CEO for AAM’s UK-based Albion Automotive subsidiary, a manufacturer of medium and heavy duty commercial truck axles and components with facilities in England, Scotland & Germany.
Paige began his career in 1987 with Chrysler, where he held successively more responsible manufacturing, legal and human resources roles.
Paige holds a Juris Doctorate degree from Michigan State University and is a member of the State Bar of Michigan and a resident of Ann Arbor, MI.
“Under the guidance of Rick Dauch, Acument emerged from the global recession financially and competitively strengthened,” Paige stated. “I will work closely with the Acument leadership team to implement the actions we have launched to make Acument an even stronger competitor, and support our ability to deliver exceptional products and services to our customers in the North and South American transportation markets.”
“Platinum Equity extends its appreciation to former President and CEO Rick Dauch for the actions he took to competitively and strategically reposition Acument and wish him the best in his future endeavors,” said Bryan Kelln, President of Portfolio Operations for Platinum Equity.
“We’re sorry to see former President and CEO Rick Dauch, leave, because he had such a strong and lasting impact on the direction of our company,” Weir told FIN. “Rick’s leadership helped get us through the recession and he positioned us for the growth that we’re experiencing coming out of it.” ©2011 GlobalFastenerNews.com
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