Current™ Appoints Steve Harris as New CEO
Current™ has appointed Steve Harris as its new Chief Executive Officer, succeeding interim CEO Bill Tolley. Harris, an established business leader is recognized for his operational prowess, was most recently Executive Chairman of Shape Technologies Group in Kent, Washington. The change will be effective May 30.
Ten weeks ago, Current™ announced a leadership change appointing Bill Tolley as its Interim CEO. The company explained that departing CEO Manish Bhandari was instrumental in leading the company through the pandemic and a transformative acquisition of Hubbell’s C&I Lighting business. Tolley, who has a long Hubbell, Inc. executive pedigree, will remain with Current™ as Chairman of the Board.
Harris has recent executive experience in the industrial sector. He was president and CEO of Shape Technologies Group for nearly ten years before transitioning to Executive Chairman in March. Shape Technologies Group is a manufacturer of ultra-high pressure pumps, waterjet cutting systems, and integrated robotic automation solutions.
Shape Technologies is also a portfolio company of New York private equity firm, American Industrial Partners – the same private equity firm that owns Current™. American Industrial Partners states that Harris’ former company, Shape Technologies has 1,343 employees and generates $452 million in revenue. Current™ employs 4,415 and cites $1.04 billion in revenue.
Source: Inside Lighting
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