Milwaukee-based Douglas Dynamics Inc. will have a new president and chief executive officer on Jan. 1 as Bob McCormick is promoted to the positions previously held by Jim Janik.
“The strength of this company is driven by all its employees and the culture of teamwork and continuous improvement we have cultivated over the years,” Janik said. “Given the company’s current robust financial and operating position, Bob’s achievements and experience, the successful integration of our recent acquisitions, plus the quality and depth of the overall management team, I firmly believe this is the perfect time for me to start to transition the CEO role.”
The manufacturer and up-fitter of work truck attachments and equipment announced the transition plan Monday. Janik has been chief executive at the company since 2000 and was named chairman in 2014. He will now transition to the executive chairman role.
When Janik joined the company in 1992 the company had 250 employees and approximately $34 million in sales. The company is now listed on the New York Stock Exchange, has 1,700 employees and will have sales near $500 million this year.
McCormick joined Douglas Dynamics in 2004 as vice president and chief financial officer. He was promoted to executive vice president and CFO in 2010. He’s been chief operating officer since 2017.
“As our company continues to evolve and expand, we are ready to seize the opportunities and face the challenges ahead,” McCormick said. “We have a fantastic team in place, and we will strive to realize our considerable potential. Jim and I have forged a strong and effective working partnership over the past 14 years, which will continue going forward.”
