Plumbing News

Steve Richman assumes new role as CEO of TTI

After 17 years as president of Milwaukee Tool, Steve Richman will be stepping into the role of CEO at Techtronic Industries Co. (TTI). During his tenure at Milwaukee, Richman led a group of exceptional leaders and a talented team that created a culture responsible for transforming the company into the global leader it is today. Under his leadership, Milwaukee Tool has achieved unprecedented heights over the past decade, with double-digit annual revenue growth and a workforce now exceeding 21,000 talented individuals worldwide.

Richman’s promotion follows the retirement of Joe Galli, Jr. During his 18 years of visionary leadership at TTI, Galli played a pivotal role in shaping the company into a global leader in professional and consumer power tools.

The TTI Group and Milwaukee Tool remains in a strong position to deliver exceptional performance through the leadership of a talented and experienced executive team. Its leadership teams have been together for over 16 years, and this will allow for a seamless transition.

Richman’s appointment as CEO is effective immediately. Responsibilities of Richman’s previous role as senior group president have been re-distributed throughout the executive management team who will continue to report to Richman.

Shane Moll was promoted to group president of power tools, equipment, outdoor power equipment, digital product, platform and product service, as well as finance, IT, legal and regulatory.

Tim Albrecht was promoted to group president of hand tools, layout, storage and PPE, as well as brand and channel marketing, talent and recruiting.

Scott Griswold was promoted to group president of power tool accessories and outdoor power accessories.

James Wamsley was promoted to group president of manufacturing, distribution and service operations, supply chain, sourcing, quality and environmental, health and safety.

Darrell Hendrix was promoted to group president, U.S. and Latin America, sales, job site solutions, customer service, Team TTI, recruiting, training and development.