Inductotherm Group, which provides thermal processing technologies, has announced a significant leadership transition as part of a planned succession strategy of the company. After 15 years as CEO and 38 years with the company, Gary Doyon has stepped down from his role as CEO, effective July 1, 2024, coinciding with Mick Nallen and Satyen Prabhu taking over as co‐leaders.
Although he is stepping down as CEO, Mr. Doyon will remain actively involved with the company. He will continue to serve as the only non family member on the parent company Board, assisting with specific operational needs of other businesses owned by the Rowan family and pursuing new business avenues and opportunities for the Inductotherm Group.
retiring CEO
Inductotherm Group
“We greatly appreciate and thank Gary Doyon for his exceptional leadership over the past 15 years,” said Virginia Rowan Smith, chairman of Inductotherm Group. “As we move forward with our succession plans, we are confident that the new leadership will continue to uphold the high standards and legacy that Gary has established.
“We are pleased to announce that Mick Nallen and Satyen Prabhu have been selected to be co‐leaders,” added Ms. Smith. “This management strategy fits perfectly with the fact that our business is large, growing fast, and becoming wider in product technologies around the world. Mick and Satyen have come up with strong business plans that meet our family’s goal of maintaining a stable, customer‐focused, and technology‐centric business. We have an exciting future ahead of us.”
The unique co-leadership arrangement of Mick Nallen and Satyen Prabhu is designed to leverage their complementary strengths and experiences. In their new roles, they will focus on thought leadership, market comprehension, and a deep understanding of the thermal processing industry’s various sectors. with a goal to preserve the core values and vision of the company’s founder, Henry Rowan.
Under Doyon’s tenure as CEO, Inductotherm Group, which offers advanced technology for the engineering, manufacturing and service of thermal processing equipment used in the melting, heating, heat treating, forging, galvanizing, coating, cutting and welding of metals, has diversified its product offerings. In addition, the company has expanded its global footprint, bringing together 40 companies with 38 manufacturing facilities located in 19 countries under the brands Inductotherm, Inductoheat, Thermatool, Radyne, Consarc, and others.
The press release is available in its original form here.
