3 minute read
Equipment distributor appoints new CEO
BY CRAIN'S DETROIT BUSINESS
McNaughton-McKay Electric Co., a wholesale electrical distributor serving markets in Michigan and elsewhere, announced Tuesday an upcoming change in leadership.
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Donald Slominski Jr., chairman and CEO, will retire from the leadership role March 31. e board of directors appointed President Mark Borin to succeed Slominski as CEO on April 1. Following the transition, Slominski will continue to serve on the organization’s board of directors in the role of executive chairman.
“It’s been my honor and privilege to serve the employee-owners at McNaughton-McKay.
Strong and healthy companies innovate and evolve in ways which include solid succession planning at the forefront,” Slominski said. “I am very excited about the way the board has positioned the company for sustainability into the future and am honored to continue to play a role in how our strategic direction evolves for years to come.
“Mark is a proven, successful leader and has developed deep relationships across our organization and industry as well as a solid understanding of our business since joining us in 2020.”
Madison Heights-based McNaughton-McKay, founded in Detroit in 1910, is wholly owned by its employees. Along with its subsidiaries — e Reynolds Co., Flow-Zone, Mid-Coast Electric Supply, Cani Electric Supply and S&D Service and Distribution GmbH — it serves customers in more than 65 locations in Michigan, Colorado, Georgia, Ohio, North Carolina, South Carolina, Louisiana, Texas and New Mexico as well as Germany.
Slominski joined McNaughton-McKay in 1996 as the director of nance and was elected president and CEO in 2005.
Slominski guided the company through the successful transition from a family-owned to an employee-owned organization, delivering a variety of strategic acquisitions and transforming the company from 800 employees and $450 million in revenue to 1,750 employees and $2.2 billion in revenue.
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As executive chairman, Slominski will continue to provide leadership and direction, working collectively with Borin and the board to develop strategy for McNaughton-McKay’s future growth, the company said.
Borin joined the McNaughton-McKay leadership team as president in June 2020. Prior to that, he spent 12 years at Pentair plc, most recently as executive vice president and chief nancial o cer.