Field Fastener, a family owned, global supplier of inventory management, technical support services, and complete supply chain solutions for fasteners and other “c” class items, has announced the company’s leadership succession plan. Jim Derry, President and CEO of Field, has announced that Adam Derry will be promoted to succeed him as President, effective immediately. In addition, Chris Pauli will be promoted to Executive Vice-President and Chief Financial Officer. Jim Derry will remain the company’s CEO.
Under Jim’s leadership, Field grew beyond $100 Million, and rolled out the 30-Fieldamentals, which is at the heart of Field’s culture. As CEO, Jim will focus on key customer relationships, acquisitions, and facilitating strategic planning.
“It has been an honor and privilege to lead the Field Team for the past 8 years, I have had the best job on the planet! It is the right time for a leadership change; Adam and Chris have been preparing for this change for years and are both ready to take over. The organization is also ready, our Culture is better than ever, our value proposition has never been stronger, and the future is very promising for Field,” said Jim Derry.
As President of Field, Adam Derry will provide strategic direction for the entire organization, ensuring Field achieves its financial and organizational objectives.
“What an honor it is to follow in the footsteps of my dad and uncle and lead this incredible company. The impact and legacy that Bill and Jim have made on the Field team, our customers, and in our communities is immeasurable. We believe strongly that we are well positioned to continue our growth, and that our best days are ahead. We have a strong culture, a compelling value proposition, and have a clear vision that our team is bought into. Chris Pauli is a highly respected executive that knows our business extremely well, and I could not be more excited to partner with him,” said Adam Derry.
Chris Pauli will take on the role of Executive Vice-President and Chief Financial Officer. Chris also serves on Field’s Board of Directors.
“I am honored to serve our team in this new role. I am extremely grateful for all the opportunities Bill and Jim have provided me over the past 18 years. Adam and I have one of the best and brightest leadership teams I have ever had the chance to work with and I am certain they will help us achieve all our strategic goals and improve the lives our team members, their families, and the communities we serve,” added Chris Pauli.