Colfax, a manufacturer of gas and fluid handling and fabrication technology products and services, has announced that Matthew L. Trerotola, formerly an executive VP at DuPont, has been named CEO and a director of Colfax, effective July 24, 2015.
Mr. Trerotola succeeds Steven E. Simms, who will assist in the transition and will continue to serve on the Colfax Board.
Mr. Simms notified the Board early this year that he planned to retire, and the Board subsequently undertook a search for a replacement.
Mr. Trerotola, 48, has spent most of his career at DuPont, Danaher, and McKinsey & Company, and most recently he was an executive VP and a member of DuPont’s office of the chief executive, responsible for DuPont’s $6.3 billion (€5.7 billion) electronics and communications and safety and protection segments.
Mr. Trerotola also had corporate responsibility for DuPont’s Asia-Pacific business.
‘We are thrilled that Matt is joining Colfax. He is an extremely talented executive with an ideal combination of strong leadership skills, a track record of driving organic growth and significant expertise in global manufacturing and engineering businesses. His proven management skills, commercial and operational expertise – as well as his deep international experience – will be invaluable as we continue to grow our businesses and evolve into an even more effective competitor,’ says Mitchell P. Rales, chairman of the board of Colfax.
‘On behalf of the board, I also want to thank Steve who has done a superb job at Colfax over the past three years. We understand his desire to return to retirement and, while we will miss him, we are pleased that he will remain as an advisor and Board member,’ Rales continues.
Mr. Trerotola says he is excited about the opportunity to lead Colfax.
‘Under Steve’s leadership, Colfax has enhanced its already strong competitive position. I look forward to working with the world-class Colfax team to further develop the Company’s international footprint and continue to deliver significant growth, strong performance and shareholder value well into the future,’ he says.