McKenna, 56, joined Preformed Line in 1993 and has progressed through various leadership roles over his 30-year career. He's currently the company's chief operating officer, with primary responsibility for overseeing global operations and business development teams.
As CEO, the company said in its announcement of the leadership transition, McKenna "will focus on continuing to expand the company's global sales, engineering and manufacturing capabilities." In May, J. Ryan Ruhlman, the son of Robert Ruhlman, was named president of Preformed Line. His role is to "concentrate on driving PLP's business development objectives, marketing strategies and people-centric goals," the company said.
Robert Ruhlman noted that McKenna will be just the fourth CEO in the company's 76-year history. He called McKenna's career at Preformed Line "an incredible validation of the emphasis we place on employee retention and development."
The company said in a Nov. 22 filing with the U.S. Securities and Exchange Commission that it "does not have any written employment agreements or other formal compensation agreements" with McKenna as CEO.
According to this SEC filing, McKenna was paid a salary of $575,004 as COO in 2022, and his total compensation that year was $1.81 million.
Preformed Line stock as of 10:10 a.m. Monday, Nov. 27, was trading at $131 per share, down about 0.4% from the close on Friday, Nov. 24. The stock's 52-week high is $184.82 per share, while the 52-week low is $78.52.