ITAMCO Announces New Co-CEOs: Mark Neidig and Joel Neidig

Portfolio - People | Jan 09, 2025 | Newswire Business

ITAMCO Announces New Co-CEOs: Mark Neidig and Joel Neidig

ITAMCO, a renowned company in gear manufacturing and advanced manufacturing technology, has announced the transition of leadership to co-CEOs Mark Neidig and Joel Neidig. This change marks a significant shift from second to third-generation family leadership. Leveraging over two decades of experience in optimizing production processes, Mark Neidig brings extensive operational knowledge to the role. He aims to uphold ITAMCO’s commitment to excellence by continuing to enhance the company's operational capabilities. Meanwhile, Joel Neidig, known for his expertise in technology and finance development, will focus on harnessing the synergy between technology and manufacturing to propel ITAMCO into new markets. Together, they anticipate driving growth and innovation, ensuring that the company's legacy of providing premium gear manufacturing solutions continues to thrive. This strategic move emphasizes the brothers' dedication to investing in people, technology, and processes, committing to surpassing customer expectations and maintaining a competitive edge globally.

Sectors

  • Manufacturing
  • Technology

Geography

  • United States – ITAMCO is based in Argos, Indiana, indicating the primary geography of the company's operations and leadership.

Industry

  • Manufacturing – ITAMCO is involved in gear manufacturing and advanced manufacturing technology, making this a fitting classification.
  • Technology – With Joel Neidig's background in technology development and ITAMCO's focus on advanced manufacturing technology, the technology sector is relevant.

Financials

    Participants

    NameRoleTypeDescription
    ITAMCOTarget CompanyCompanyA global leader in gear manufacturing and advanced manufacturing technology.
    Mark NeidigCo-CEOPersonBrings over 20 years of experience in manufacturing and operations at ITAMCO.
    Joel NeidigCo-CEOPersonHas a track record in startups and expertise in financial and technology development.