- Push-out Score determined
- After less than three and a half years in the position
- Praise and thanks for Sadlowski
- Todd Gleason taking over
- Sadlowski kept it short and said 52 words
(exechange) — Dallas, Texas, July 6, 2020 — Dennis Sadlowski, chief executive of Ceco, leaves. As announced by Ceco Environmental Corp. in a news release and in a regulatory filing published on Monday, July 6, 2020, Dennis Sadlowski has left his post as chief executive officer at the air quality and fluid handling technology company after less than three and a half years in the role, effective July 5, 2020.
Dennis Sadlowski’s duties as CEO will be taken over by Todd Gleason, most recently Chief Executive Officer of Scientific Analytics Inc.
The fact that Dennis Sadlowski’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“A comprehensive search that began in early 2020”
Ceco did not give an explicit reason for Dennis Sadlowski’s departure from the CEO post. Ceco said: “The appointment concludes a comprehensive search that began in early 2020, in which Ceco’s Board of Directors, together with a leading executive search firm, worked to identify the right leader for Ceco’s next phase of growth.”
Precise information regarding Dennis Sadlowski’s future plans was not immediately available.
Ceco said: “Todd Gleason has been appointed to succeed Dennis Sadlowski as Chief Executive Officer of the Company.”
Ceco further said: “[E]ffective July 5, 2020, Mr. Dennis Sadlowski ceased serving as Chief Executive Officer and a member of the Board of Directors of the Company (the “Board”), and, effective July 6, 2020, Mr. Todd Gleason commenced serving as Chief Executive Officer and a member of the Board.”
Share price decline
The announcement follows a decline in Ceco Environmental Corp.’s share price of 52% since February 2017.
Chaired by Jason DeZwirek
Ceco Environmental Corp. is chaired by Jason DeZwirek.
DeZwirek has been the Company’s Chairman of the Board since May 2013. Previously, he served as Secretary of the Company from February 1998 until September 2013.
In the position of CEO since 2017
Dennis Sadlowski became CEO of the Company in 2017.
In connection with his appointment as Chief Executive Officer, Gleason will replace Sadlowski as a member of the Company’s Board of Directors.
Sadlowski will remain as an advisor to the Company through the end of 2020 to assist in the transition.
Sadlowski served as the Company’s Interim Chief Executive Officer and President from January 2017 until his permanent appointment as Chief Executive Officer in June 2017 and as a director since May 2016.
Previously, he was the Chief Operating Officer of LSG Sky Chefs North America, a provider of food and food-related services for transportation providers, from April 2013 until March 2015.
As Chief Operating Officer, Sadlowski oversaw operations across over 40 locations in North America and managed over 8,000 employees.
Previously, Sadlowski served as the Chief Executive Officer of International Battery, an early stage green tech company focused on large format lithium ion batteries for the grid storage markets, from September 2011 until April 2012.
Sadlowski worked at Siemens from July 2000 to March 2010, serving as the President & Chief Executive Officer of Siemens Energy & Automation, Inc. from July 2007 until October 2009, an operating subsidiary of the global manufacturer Siemens AG, where he had executive accountability for the company’s global strategic direction, operating performance and marketplace success.
His responsibilities at Siemens Energy & Automation included overseeing six operating divisions along with a combined sales organization, a number of wholly-owned subsidiaries and over 12,000 employees.
Sadlowski has also previously worked at General Electric and Thomas & Betts.
Sadlowski was a former member of the board of directors and audit committee of Trojan Battery, a privately-held global leader in deep cycle lead-acid batteries.
Sadlowski earned a bachelor’s degree in Chemical and Nuclear Engineering from the University of California at Berkeley, and his master’s degree in Business Administration from Seattle University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Ceco and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 28.2020 ($).