- Push-out Score determined
- After almost eight years in the position
- Accolades, praise and thanks for Nauman
- Russell Shaller taking over
- Nauman said 106 words
(exechange) — Milwaukee, Wisconsin, March 11, 2022 — Michael Nauman, chief executive of Brady, leaves. As announced by Brady Corp. in a news release on Friday, March 11, 2022, J.Michael Nauman leaves his post as chief executive officer at the manufacturer of specialty products, technical equipment and services for identifying components used in workplaces, after almost eight years in the role, effective April 1, 2022.
Michael Nauman’s duties as CEO will be taken over by Russell R. Shaller, currently Senior Vice President and President – Identification Solutions at Brady Corp.
Shaller will retain his responsibilities as Senior Vice President and President – Identification Solutions while conducting a search for his replacement.
“We further position Brady into faster-growing end markets”
Brady did not give an explicit reason for Michael Nauman’s departure from the CEO post. Brady’s Chair of the Board of Directors, Bradley C. Richardson, said: “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.”
Precise information regarding Michael Nauman’s future plans was not immediately available.
“Retirement”
Brady said: “Brady Corporation (NYSE: BRC) (“Brady” or “Company”) today announced the retirement of Director, President and Chief Executive Officer J. Michael Nauman and the appointment of current Senior Vice President and President – Identification Solutions, Russell R. Shaller as President, Chief Executive Officer and Director, effective April 1, 2022.”
Share price increase since March 2017
The announcement follows an increase in Brady Corp.’s share price of 9% since March 2017.
In the position of CEO since 2014
Michael Nauman became CEO of the Company in 2014.
At the request of the Board of Directors, Nauman will remain with the Company in a consultative position until June 17, 2022, to ensure a smooth transition.
Nauman has served on the Company’s Board of Directors and as the Company’s President and CEO since August 2014.
Prior to joining the Company, Nauman spent 20 years at Molex Incorporated, where he led global businesses in the automotive, data communications, industrial, medical, military/aerospace and mobile sectors. In 2007, he became Molex’s Senior Vice President leading its Global Integrated Products Division and was named Executive Vice President in 2009.
Before joining Molex in 1994, Nauman was a tax accountant and auditor for Arthur Andersen and Company and Controller and then President of Ohio Associated Enterprises, Inc.
In 2021, Nauman was elected to the Board of Directors of Commercial Vehicle Group, Inc. (NASDAQ: CVGI).
Nauman holds a bachelor’s of science degree in management from Case Western Reserve University.
He is a certified public accountant and chartered global management accountant.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Michael Nauman’s move on a scale of 0 to 10.
exechange reached out to Brady and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 11.2022 ($).