Steve Richman has been named CEO at Techtronic Industries, owner of construction tool brands such as Milwaukee Tool and Ryobi, among others. Richman has served as president of Milwaukee Tool for 17 years, where he led a team responsible for transforming the company into what it is today. Under his leadership, Milwaukee Tool has achieved double-digit annual revenue growth and a workforce now exceeding 21,000 worldwide.
According to TTI:
Richman’s promotion follows the retirement of Joe Galli, Jr. During his 18 years of 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. The leadership teams have been together over 16 years, and this will allow for a seamless transition.
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 him.
Richman’s appointment as CEO is effective immediately.
Milwaukee Tool Leadership Team
Shane Moll, group president - power tools, equipment, outdoor power equipment, digital product, platform and product service, as well as finance, it, legal and regulatory.
Tim Albrecht, group president - hand tools, layout, storage, and PPE, as well as brand and channel marketing, and talent and recruiting.
Scott Griswold, group president - power tool accessories, and outdoor power accessories.
James Wamsley, group president - manufacturing, distribution and service operations, supply chain, sourcing, quality, and environmental, health and safety.
Darrell Hendrix, group president - US and Latin America, sales, jobsite solutions, customer service, team TTI, recruiting and training and development.
