Milwaukee-based Brady Corp.
is in the middle of a leadership change as J. Michael Nauman,
current director, president and chief executive officer, is retiring. Russell R. Shaller
will succeed Nauman as president, chief executive officer and director effective April 1.
Shaller is currently the company’s senior vice president and president of identification solutions.
Nauman will take on a consulting role with Brady Corp. until June 17 to help with the transition process.
"During Michael’s tenure as CEO, Brady strengthened its position as a global leader of complete solutions for niche safety, identification and compliance markets while focusing on long-term sustainable organic growth and profitability improvements, resulting in record-high EPS in fiscal 2021," said Bradley C. Richardson, chair of Brady’s board of directors. "We look forward to continuing to grow the business both organically and through strategic acquisitions as we further position Brady into faster-growing end markets.”
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Incoming Brady Corp. CEO Russell Shaller[/caption]
Shaller has served as Brady’s senior vice president and president of identification for nearly seven years. He will keep his responsibilities in this role as a search is conducted for his replacement. Before coming to Brady Corp., Shaller served as president of Teledyne Microwave Solutions from 2008 to 2015.
"Brady's people, products and expertise create a strong foundation to accelerate growth and continue to reposition our portfolio. I am excited to build out our recent acquisitions and to continue to drive efficiency improvements throughout the organization,” Shaller said. “The strong foundation built by Michael, the positive momentum within our business and the favorable trends within the broader industry make me incredibly positive about the outlook for our company and our stakeholders. I look forward to leading Brady as we continue our expansion into faster-growing end markets to increase sales growth rates and profitability over the long-term."
Brady Corp. is a manufacturer of products for identifying components used in workplaces. Founded in 1914, the company has about 5,400 employees worldwide.