Gloucester Engineering Co. has named Mark Steele as CEO to lead the film equipment maker, which emerged Jan. 3 from Chapter 11 under ownership of Blue Wolf Capital Partners LLC.
The Gloucester-based machinery maker announced the news Feb. 15. The hiring of Steele follows a search process that took several months.
Steele, 48, brings more than 20 years of experience leading manufacturing companies that focus on highly engineered products. Most recently, he was CEO of Turbonetics Inc., a maker of turbochargers, pressure-control devices and heat exchangers serving industrial, military and automotive markets.
Before Turbonetics, he served as CEO of several private equity-backed manufacturing and distribution companies, including Jakel Inc., a maker of motors and blowers, and Eurodesign Cabinets Inc., a provider of semi-custom cabinetry.
Steele previously had served as vice president and general manager for Kennametal Inc.
He earned a bachelor's degree in engineering from the University of Pittsburgh and an MBA from Carnegie Mellon University.
Bringing Mark on board is a key step in rounding out Gloucester's leadership, said Michael Ranson, a partner in Blue Wolf, the New York private equity fund that owns 95 percent of Gloucester Engineering. I am confident he will drive Gloucester Engineering's success over the long term.
Carl Johnson remains as president.