Joy Global CEO To Retire In 2007

Posted on February 28, 2006

Mining equipment manufacturer Joy Global Inc. said that John Hanson, the company's chairman, CEO and president since 2000, has chosen to retire as president and CEO at the end of January 2007, following his 65th birthday. Hanson will continue as chairman of the company's board of directors following his retirement. Michael W. Sutherlin, president & COO of Joy Mining Machinery has been designated to succeed Hanson as president and CEO of Joy Global Inc.

Sutherlin joined the company as president of Joy Mining Machinery in January 2003. Prior to that, he spent 27 years with Varco International Inc. holding a variety of financial and operational positions including division president, group president, and president and chief operating officer.

Hanson joined Joy Technologies, Inc. in 1990 as president of the mining machinery division before becoming president and chief operating officer of the company in 1997, and CEO in 1999.