- Push-out Score determined
- After around 15 years in the position
- Accolades, praise and thanks for Killingstad
- Dave Huml taking over
- Killingstad said 83 words
(exechange) — Minneapolis, Minnesota, December 14, 2020 — Chris Killingstad, chief executive of Tennant, leaves. As announced by Tennant Co. in a news release and in a regulatory filing published on Monday, December 14, 2020, H.Chris Killingstad leaves his post as chief executive officer of the provider of cleaning products after around 15 years in the role, effective March 1, 2021.
It is the end of an era.
Chris Killingstad’s duties as CEO will be taken over by David W. (Dave) Huml, currently Chief Operating Officer of Tennant Co.
Chris Killingstad’s move forms part of a management shake-up also involving the positions of chief commercial officer; and chief financial officer.
“A natural progression”
The management change is explained as follows. Lead Director Steven A. Sonnenberg said: “Dave Huml’s promotion to CEO is a natural progression that reflects his successful leadership at Tennant, including his role as a major architect of the Company’s current enterprise strategy.”
Precise information regarding Chris Killingstad’s future plans was not immediately available.
Tennant said: “Mr. Huml succeeds H. Chris Killingstad, who gave the Board notice on December 9, 2020, of his intention to retire following the Company’s CEO succession planning process.”
Share price increase since December 2015
The announcement follows an increase in Tennant Co.’s share price of 12% since December 2015.
In the position of CEO since 2005
Chris Killingstad became CEO of the Company in 2005.
Current CEO Chris Killingstad will serve as a strategic advisor until the end of 2021.
His bio reads as follows:
- President and Chief Executive Officer for Tennant Company since 2005.
- Vice President, North America, for Tennant from 2002 to 2005.
- Held various senior management positions with The Pillsbury Company, including Senior Vice President and General Manager, from 1990 to 2002.
- International Business Development Manager for PepsiCo Inc. from 1982 to 1990.
- Financial Manager for General Electric from 1978 to 1980.
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 Tennant and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 51.2020 ($).