MILWAUKEE — Jason Industries, Inc. announced Monday that Jeffry Quinn has been elected chief executive officer, effective immediately. Quinn was named interim chief executive officer on Nov. 9 and he continues to serve as chairman of the Board of Directors.
“Quinn has worked aggressively to understand the opportunities and challenges faced by our businesses, and has proven executive experience in creating long-term value for investors. His high-caliber leadership, significant personal investment and commitment to Jason’s success make him the ideal candidate to lead the Company,” said Mitchell Quain, lead director of Jason.
“Since assuming the role of interim CEO in November, I have immersed myself in the business, visited many of our facilities around the world and met with the leadership team. These first few weeks have once again convinced me of Jason’s potential and I am pleased to accept the opportunity to become the CEO. There are many things within our control that we can, and will do, to improve our business. Some actions we must do with a sense of urgency to reduce our cost structure, improve efficiency and unlock value for my fellow shareholders,” said Quinn. “Jason had a history of delivering exceptional value to its customers and operating strong market-leading businesses, and I am confident together we will further build upon that legacy.”
Prior to being elected Chief Executive Officer, Quinn served as interim chief executive officer and chairman of the Company’s board of directors. Quinn is the former chief executive officer and chairman of Solutia Inc., a global specialty chemicals and performance materials company, which in his 8-year tenure he led through Chapter 11 reorganization and its sale in 2012. Following the sale of Solutia, Quinn founded Quinpario Partners LLC, a privately owned investment and operating firm. Quinpario Partners LLC formed Quinpario Acquisition Corp., a special purpose acquisition company that completed its initial business combination in 2014, when it acquired Jason Industries, Inc.
Jason Industries, Inc. is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), DRONCO (Wunsiedel, Germany), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Ind. and Burgwald, Germany) and Sealeze (Richmond, Va.). Headquartered in Milwaukee, Wis., Jason employs more than 4,400 individuals in 14 countries.