Ramy Shatoot Appointed CEO of Forkardt Hardinge to Drive Growth
Forkardt Hardinge, a renowned leader in the development and distribution of workholding solutions and machine accessories, is excited to announce the appointment of Ramy Shatoot as the new Chief Executive Officer and member of the Board of Directors. This strategic move comes as the company aims to strengthen its operational leadership and foster further growth in its sector.
Ramy Shatoot is a veteran in the industrial sector, boasting more than 20 years of diversified experience steering global enterprises in various fields, including industrial automation, aftermarket services, energy, and electronics. His extensive background is marked by a robust focus on operational excellence and an adeptness at facilitating commercial transformations. Prior to joining Forkardt Hardinge, he held the position of Group President of Electronics at Standex International, where he successfully managed a global division comprising twelve production plants across North America, Europe, and Asia.
Ramy's career spans various pivotal roles at major corporations, including Danaher's Videojet, Fortive's Qualitrol, and GE Energy, affirming his comprehensive international operating knowledge. His ability to drive product quality and foster customer partnerships aligns well with Forkardt Hardinge's commitment to delivering exceptional value to its clients.
Quinn Morgan, the Chairman of the Board of Directors at Forkardt Hardinge and Co-Founder of Centre Lane Partners, expressed optimism about Shatoot’s appointment. He stated, "We look forward to partnering with Ramy as Forkardt Hardinge transitions into its next growth phase. His rich experience and unwavering focus on innovation and quality will undoubtedly benefit our future endeavors."
Emphasizing his vision, Ramy Shatoot remarked, "It is a privilege to assume the role of CEO at Forkardt Hardinge. I am eager to build upon the esteemed legacy of this globally recognized brand while ensuring our ongoing dedication to quality and value for our customers. Together, we will navigate the path of innovation and excellence, enriching the experiences of our clients."
Forkardt Hardinge has built a storied reputation over its 130-year history as a pioneer in designing, manufacturing, and distributing various workholding solutions. The company employs a talented workforce consisting of highly skilled engineers and experts proficient in a vast array of products, including Swiss collets, quick-change collet chucks, power chucks, manual chucks, rotary tables, and accessories for both standard and engineered solutions. This wide-ranging product portfolio enables Forkardt Hardinge to cater to a diverse clientele spanning multiple industries and regions, thereby solidifying its standing in the market.
Parent company Centre Lane Partners, founded in 2007, is also optimistic about this new appointment. As a private investment firm, Centre Lane supports middle-market companies through equity and debt investments, emphasizing transitional strategies with a solutions-oriented approach. Their collaboration with strong management teams ensures that businesses can benefit from the operational expertise and strategic guidance they provide.
In this dynamic landscape, the leadership of Ramy Shatoot marks an exciting new chapter for Forkardt Hardinge. As the company enters this transformative phase, stakeholders are optimistic about the synergistic potential of Shatoot’s wealth of experience and the collective ambition of the Forkardt Hardinge team, as they embark on a mission to innovate and lead in the workholding solutions domain.