CHARLOTTE — EnPro Industries, an industrial engineering products manufacturer, tapped its chief operating officer to be its next CEO when current top executive Stephen Macadam retires on July 29.
Marvin Riley, 44, has been executive vice president and COO since July 2017.
EnPro Industries
He served as president of EnPro’s Fairbanks Morse division from May 2012 to May 2018, and prior to that served as vice president of manufacturing of EnPro from December 2011 until being appointed president of Fairbanks Morse.
He also served as vice president of global operations of EnPro’s GGB division from November 2009 until November 2011 and as vice president of operations americas, GGB division, from July 2007 until November 2011.
Macadam has agreed to serve thereafter as vice chairman to help with the transition of the company’s leadership until the end of February 2020, at which time he intends to resign from the board.
“We are extremely grateful to Steve for his exceptional leadership of EnPro since he joined the company in April 2008,” said David Hauser, EnPro’s non-executive chairman of the board.
“During that time, he reshaped our company — not just through a focus on operational excellence, organic growth and targeted acquisitions and dispositions, but through his focused attention on the development of people throughout our organization.”
Charlotte-based EnPro manufactures sealing products, metal polymer and filament wound bearings, components and service for compressors as well as diesel and dual-fuel engines.
EnPro’s shares closed Monday at $67.95, up $1.22.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
