Dan Ruskin has taken up the position of CEO of US manufacturer Morbark, replacing Lon Morey, who was the son of the founder.
The move came after Morbark was acquired by private equity investor Stellex Capital Management earlier this month.
Mr Ruskin founded and managed professional service companies Anchor Resource Management and Anchor Holdings.
“Dan is an excellent fit for Morbark,” said Ray Whiteman, chairman of the board and Managing Partner of Stellex Capital Management.
“We have known Dan for close to 20 years, and his experience across multiple industries, in particular industrial markets such as heavy equipment, automotive, truck, and transport vehicles, have prepared him well for this position.
“One of Dan’s core strengths is his ability to build strong teams that can help organisations quickly meet their goals and enhance their profitability.”
Stellex said Mr. Ruskin had an extensive management background in lean manufacturing, corporate turnarounds and restructurings.
Mr Ruskin said, “I’m excited, honoured and humbled to have the opportunity to lead Morbark as we enter a new era of innovation and productivity.
"We will continue to fulfil our promise to our customers by capitalizing upon our strengths ── innovative, robust and reliable products, a world-class dealer network, and the relentless practice of continuous improvement.”