Product and General News

Multiquip Organizational Announcement

News Date: Mar 27, 2017
Author: Tom Yasuda
Source: Multiquip Inc.

As a valued customer and respected business partner, it is my pleasure to announce to you and your company two key changes in the Multiquip organization that will be taking place, effective April 1, 2017.

In support of our succession plan and with approval of the Board of Directors of Multiquip, I am announcing that after 40 years and serving in different capacities within the ITOCHU and Multiquip organizations, most recently and for the past 15 years as Chairman and CEO of Multiquip, I will be stepping down as the CEO of the company.  I will remain with Multiquip and continue in the role of Chairman of the Board over this next fiscal year starting April 1, 2017.

In conjunction with my decision, the Board of Directors of Multiquip selected Bob Graydon as the next CEO of Multiquip.  Bob has proven himself to be an excellent executive leader since he joined Multiquip back in 1998, most recently serving as President & COO.  I am more than confident that Bob will lead Multiquip to new heights with the support of our strong leadership team.  Over the next year and in my role as Chairman, I will be assisting Bob to make this transition as smooth as possible.

Multiquip is, and will continue to be, a solid company with excellent employees, a successful history, and valued business partners such as yourself.  We believe this transition in leadership will enable us to continue to serve and support your company well into the future.

With warm regards,

Tom Yasuda
Multiquip Inc