– USA, TN – Virtus Industries Inc. today announced the appointment of Michael Blatz to its Board of Directors as its new CEO, effective immediately, succeeding Steve Drew who decided to retire from the company in 2021.
Before this appointment, Michael held executive-level positions at companies both in private equity and in industrial settings including most recently CEO roles at VIP Cinema Seating and Bull Moose Industries. His previous experience also includes roles at Lennox International and Carrier Corporation.
“We are fortunate to have someone of Michael’s caliber and experience step up to lead Virtus Industries,” said Board Chairman, David Lilley. “We are at a critical moment and we are thrilled to engage with Michael to successfully implement our strategy and take advantage of the market opportunities ahead. Michael has a track record as a transformative leader focused on business and enterprise growth and strategic diversification. His background also provides a solid understanding of our products and markets.”
Michael Blatz said, “I am honored and excited to lead Virtus Industries. In light of several macro trends, I believe our current customers – and future customers — are just at the beginning of re-evaluating their supply chains and the widespread reengineering of traditional industrial processes. I believe Virtus is currently well-positioned to benefit from both of these dynamics. Our intention is to be a strategic partner to our customers as they work to improve and de-risk their businesses.”
David Lilley added, “We very much appreciate Steve’s efforts and his service to Virtus Industries since his appointment last year. Steve has positioned the business well during his time in charge. We believe Michael has the right leadership abilities, operational knowledge, and communication skills to build on the work Steve has started.”
About Virtus Industries
Virtus supplies a range of high precision copper, brass and aluminum components to over a thousand customers and are found in a wide range of everyday products. End markets for Virtus components include air conditioners, refrigeration, specialty vehicles, and distributed power generation. Virtus subsidiaries now operate six facilities across the USA, Mexico, and Canada.
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