Platinum Tools, a specialist in products for the preparation, installation, hand termination and testing of wire and cable, announced that company founder Lee Sachs will take a first major step toward a well-earned retirement by stepping down from his role as president.
“Platinum Tools has been a part of me every day for more than 20 years,” said Sachs. “With last year’s acquisition of the company by NSi Industries, it is time for me to begin handing off the day-to-day operations to the team that will take Platinum Tools into the future. While I’m looking forward to some more free time, it would be hard to just leave something that you have known and loved for so long, so I’m excited to move into a consulting role."
According to a press statement, Sachs will now focus on special projects so that the company continues to benefit from his years of experience.
Sachs added, "I also couldn’t be happier that my long-time business partner David Johny will have the opportunity to run the company, and his move into the General Manager role shows NSi’s confidence in, and dedication to the quality and customer service philosophy that made Platinum Tools the successful and respected company it is today.”
G.R. Schrotenboer, CEO of NSi Industries LLC, added, “As a founding partner and Platinum Tools’ long-time director of operations, David was the obvious choice to step into the new general manager role.”
Platinum Tools' new GM David Johny concluded, “As a partner here, I’ve always known I needed to be ready and able to step in and run the company. Now that it has happened, I find it is both humbling and exciting. I’m thrilled that my friend Lee will get to spend more time enjoying his success, and I’m grateful that our new owners are committed to maintaining Platinum Tools’ business model.”
For more information on Platinum Tools and its product lines, visit www.platinumtools.com, call (800) 749-5783, or email [email protected].