Field Fastener, a family owned, global supplier of inventory management, technical support services, and complete supply chain solutions for fasteners and other “c” class items, has announced the company’s leadership succession plan. Jim Derry, President and CEO of Field, has announced that Adam Derry will be promoted to succeed him as President, effective immediately. In addition, Chris Pauli will be promoted to Executive Vice-President and Chief Financial Officer. Jim Derry will remain the company’s CEO. The new roles reflect the tremendous impact Adam and Chris have had on Field’s growth and culture, and a testament to the confidence Jim and Bill Derry have in their ability to execute on its future growth plans.
In 1990, Jim and Bill Derry acquired Field from Dick Field. Since that time Field has seen aggressive growth; achieving an 18% average growth rate per year due to its world class culture and staying customer centric. Field currently has operations in Rockford, IL, Tyler, TX, Florence, SC, Troy, IL, Monterrey and Monclova, Mexico, and Kaohsiung, Taiwan. Under Jim’s leadership, Field grew beyond $100 Million, and rolled out the 30-Fieldamentals, which is at the heart of Field’s culture. As CEO, Jim will focus on key customer relationships, acquisitions, and facilitating strategic planning.