4/2/2014 11:30:00 AM
NEWS BRIEFS
Jim Derry Succeeds Bill Derry as Field Fastener President
Jim Derry is the new president of Field Fastener, succeeding Bill Derry, who assumed the role of chairman.
Bill Derry will be involved with strategic initiatives and work with the Field team to achieve industry leading sales growth.
“We have been planning this transition for almost two years and are excited about Jim taking over as president.” Bill Derry said. “He brings passion, leadership, knowledge and commitment to our core values and to this role and is ready to take Field to $100 million in profitable sales and beyond.”
Derry Enterprises Inc. acquired Field Fastener in 1990 from Dick Field.
Both brothers have been president of the National Fastener Distributors Association – Bill for 1997-98 and Jim 2010-2011.
Jim Derry is a six sigma black belt and believes strongly in the utilization of technology and lean principles to drive efficiency and continuous improvement. Jim will focus his efforts on scaling the business to ensure it meet the needs of its global customer base and have the team, supply base, and infrastructure in place to sustain growth.
“Being a part of the Field Team for the past 24 years has been an amazing journey,” Jim Derry reflected. “We started in a very humble setting and have developed a global presence by helping our customers reduce costs.”
Field has averaged 20% annual growth each year and was recently recognized by Inc. Magazine as one of the fastest growing private companies in America for the third year in a row.
Field will continue to be cost effective in fastener distribution by providing engineering solutions and VMI replenishment systems, he said.
“It has been a blessing to work with my brother, business partner, mentor and friend, Bill, for the past 24 years,” Jim Derry said. “Words can’t express my appreciation for his dedicated leadership and strategic vision for Field. We have a great team in place that is committed to our vision, mission and core values. Our culture creates an environment that encourages our team to do whatever is necessary to take care of our customers.”
Jim Derry has a mechanical engineering degree from the University of Illinois. He was a two-time NFDA board member and on the Information & Technology Committee.
Field is a technically-oriented, global provider of inventory management and supply chain solutions for fasteners and other Class “C” items. Field serves over 900 customers worldwide and is headquartered at 9883 N. Alpine Rd., Machesney Park, IL 61115. Tel: 815 637-9002 Fax 815 637-7575 Web: fieldfastener.com ©2014 GlobalFastenerNews.com
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