- Signs for push-out forces
- After around eight years on the job
- Thanks for Ford
- Bob Roche taking over
- Ford will remain as Vice President, Secretary and General Counsel at Carlisle
(management-change.com) — Scottsdale, Arizona, February 15, 2017 — Steve Ford, finance chief of Carlisle, leaves the position. It is an abrupt change. As announced by Carlisle Companies Incorporated in a news release on Wednesday, February 15, 2017, Steven J. (Steve) Ford leaves the post as Chief Financial Officer at the manufacturing company in a surprising move after around eight years on the job, effective immediately.
Ford’s duties are taken over by Bob Roche, most recently JCI/Tyco Merger Integration Lead at Johnson Controls plc.
The fact that Ford’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“Emphasis on finance and business process improvement”
The sudden management change is explained as follows. Carlisle said: “The growth of Carlisle has resulted in the need for more capacity in our M&A, finance, legal and investor relations functions. The addition of Bob, with his deep M&A integration and operational finance experience, will be a key piece of our emphasis on finance and business process improvement going forward as we roll out the Carlisle Operating System throughout the enterprise.”
Carlisle added: “The addition of Bob will also allow Steve to devote more time to manage our investor relations and legal matters.”
Ford will remain as Vice President, Secretary and General Counsel at Carlisle
Steven J. Ford will continue to serve as Vice President, Secretary and General Counsel of the Company and retain responsibility for managing the Company’s investor relations.
Share price rise since March 2009
The change follows a rise in the share price of Carlisle Companies Incorporated since March 2009.
CEO: D. Christian Koch
D. Christian Koch serves as CEO of Carlisle Companies Incorporated. Koch has been the Chief Executive Officer and President of Carlisle Companies Incorporated since January 1, 2016.
On the job as CFO since 2008
Steven J. Ford has been Vice President, Chief Financial Officer since November 2008 and Vice President, Secretary and General Counsel since July 1995.
Signs for push-out forces
It is not completely certain what forces eventually triggered Steve Ford’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 08.2017 ($).