Saturday, Dec 10, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Tecumseh Products names new CEO

TECUMSEH Six months after the ouster of its long-time leader, Tecumseh Products Co. has a new chief executive officer.

Edwin L. Buker will join the Fortune 1,000 firm August 13 from Citation Corp., a manufacturer of metal components in Birmingham, Ala.

The appointment of the 54-year-old manufacturing veteran marks the final chapter in a dispute that arose in January when the board of directors fired Todd Herrick, a grandson of the founder of the Lenawee County firm.

With $1.8 billion in annual sales, Tecumseh is a leading supplier of compressors for commercial refrigerators and freezers as well as of engines for lawn mowers and snow-blowers.

Mr. Herrick s family controls more than 40 percent of voting shares of the firm.

His dismissal led to a threatened proxy fight and lawsuits that were eventually settled out-of-court.

As part of the settlement, Mr. Herrick gave up his board seat but was allowed to serve on the board in a non-voting capacity. Albert Koch, a board member and Tecumseh management consultant with whom Mr. Herrick had clashed, agreed to leave the board when a new CEO was named.

The new CEO has led Citation since 2002. Prior to that, he held numerous positions in the auto industry including vice president of new-model development for BMW Manufacturing Corp. in Munich, Germany. Other assignments included BMW s assembly plant in Spartanburg, S.C., a Honda plant in East Liberty, Ohio, and Visteon Corp.

He holds a bachelor s degree in mechanical engineering from Tri-State University, Angola, Ind., and an MBA degree from Ohio University in Athens.

Read more in later editions of The Blade and toledoblade.com

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…