Leadership Transition At Signicast
Signicast, the Hartford, Wis.-headquartered global investment casting company, announced that Todd McDonald is succeeding the retiring Walter (Terry) Lutz, Jr. as president and CEO. The change is effective immediately.
Lutz has been with Signicast since 1974 and was the majority owner from 1981 to 2008, when the business was purchased by Chicago-based investment firm, The Pritzker Group. McDonald was previously Signicast’s vice president of Sales and Marketing. Greg Gasper, former vice president of Manufacturing, has also been promoted to chief operating officer, the company announced.
Signicast operates six casting plants at two locations in Southeast Wisconsin and has more than 675 employees serving 500 customers. The company said it is currently investing $50 million in two new Wisconsin manufacturing facilities.