TekModo Industries, which provides composite materials to the RV industries, has made several changes to its management and advisory team:
Jake Vogel becomes executive chairman.
Marc LaCounte assumes the role of president.
Bill Fenech joins Jeff Schwartz as an Elkhart-based strategic advisor. He has resigned his position as a company director.
“I am pleased to assume the leadership role of president of TekModo and strengthen our business efforts moving forward,” LaCounte said. “I am proud to be leading our team and working with the caliber of people that are associated with our business.
“If we are able to successfully finance our operations, this opportunity will allow me to focus my energy and realize my true passion on building this business, executing our vision, and continuing to bring truly disruptive technologies into the marketplace. The opportunity is present; the time is now.”
Commenting on his promotion, Vogel said, “I am very positive about the direction of the business and moving its leadership more to Elkhart where the core of its operations and customers reside. The Elkhart team has the necessary knowledge, experience and passion to best manage the business and make decisions. As executive chairman and the largest shareholder, I believe in the company's ability to bring value to its customers and the team's ability to execute this plan.”
Also commenting, Fenech said, “I recently invested in TekModo through an investment group that I am part of. The reasons for the investment were the products that they were producing at the time and the products that were in the pipeline for production and/or distribution. I remain excited about these products and feel they could be the next generation of mainstream products for the industries they are targeting."
The company said it feels that the newly reconstituted board, and Elkhart-based management and strategic advisors will create the best opportunity for the business to provide value to its customers and to achieve the future growth and development objectives of TekModo.
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