Gibraltar Industries, a leading manufacturer and distributor of building products for the residential, industrial, infrastructure, and renewable energy and conservation markets, announced the appointment of William T. Bosway as president and CEO, and director, effective January 2, 2019. Bosway has been president and CEO of Dover Corporation’s refrigeration and food equipment segment since June 2016, following a 26-year career at Emerson Electric. As part of the company’s planned succession strategy, Frank Heard will remain employed with the company in the newly created role of vice chairman of the board through March 3, 2020, with the principal responsibility of ensuring a smooth leadership transition.
“Bill brings significant experience leading complex businesses at Fortune 500 global industrial companies, and valuable expertise in driving organic growth accelerated by strategic acquisitions,” says William Montague, chairman of the board. “With a shared view on the need for continued operational excellence, Bill will build on Frank’s success and deliver further value creation at this time in Gibraltar’s transformation.
“Under Frank’s leadership, Gibraltar has significantly increased its operating performance and return on invested capital, and made meaningful progress instilling a culture of operational excellence, product innovation and portfolio refinement,” says Montague. “We worked closely with Frank to ensure the selection process delivered an individual that has the right background, skill set and cultural fit for all Gibraltar stakeholders.”
“Bill is an excellent selection as President and CEO of Gibraltar at this stage of our value creation strategy, which we implemented approximately four years ago,” says Heard. “His expertise in driving organic and acquisition growth, breadth of experience in a variety of global industrial markets, and proficiency in manufacturing operations uniquely qualify him to lead Gibraltar in its next phase of growth.”
“I look forward to working closely with Frank, the Gibraltar leadership team and the Board to ensure a smooth transition as we move forward in our mission to create long-term shareholder value,” says Bosway.