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Supplier Patrick Industries Inc. announced today (Jan. 9) that Todd M. Cleveland, president and COO, will succeed Paul E. Hassler as CEO, effective Feb. 1.
According to the Elkhart, Ind.-based company, as part of the “executive succession plan” Cleveland will continue in his role as president while Hassler will remain as chairman.
Hassler, age 61, was appointed chairman in May 2008 and has served as CEO since April 2004. He has over 37 years of manufactured housing, recreational vehicle and industrial experience.
“I look forward to continuing my tenure with Patrick as its chairman of the board and have complete confidence in Todd and his abilities to lead the company, not only through these challenging times, but well into the future,” said Hassler.
Previously, Cleveland spent 17 years with Adorn Holdings, prior to its acquisition by Patrick in May 2007, serving as president and CEO from 2004 to 2007.
“I have enjoyed working with Paul and all of our team members throughout the past two years in bringing Patrick and Adorn together as a leading manufacturer and distributor of products serving the manufactured housing, recreational vehicle and industrial markets,” said Cleveland. “While our industries will be faced with many challenges related to current economic conditions, I am very fortunate to work side-by-side with many talented team members at Patrick who are committed to providing the highest level of service to all of our loyal customers.”