Late on Thursday, 6, September, Gil Richards sold 100% of Richards Industries to a management team including Jason Cooper, Chief Financial Officer, Charles Page, Vice President of Customer Service, and Bruce Broxterman, President. This structure and Mr Richards’ unselfish approach in this sale is an unusual one in today’s corporate world. Instead of selling to one of the large valve company conglomerates, Mr Richards has taken this course to ensure that the people and the sales representative organizations that he has worked closely with for so long are not exposed to the cuts and dismissals that are so typical of corporate takeovers. Mr Richards has agreed to remain in an advisory capacity for an indefinite number of years. He will continue to travel to the major trade shows and industry events, including the ISA Show in Houston (2 October), the Chem Show in New York (31 October), and the Valve World Show in Shanghai (17-19 October).Richards Industries sold
Late on Thursday, 6, September, Gil Richards sold 100% of Richards Industries to a management team including Jason Cooper, Chief Financial Officer, Charles Page, Vice President of Customer Service, and Bruce Broxterman, President. This structure and Mr Richards’ unselfish approach in this sale is an unusual one in today’s corporate world. Instead of selling to one of the large valve company conglomerates, Mr Richards has taken this course to ensure that the people and the sales representative organizations that he has worked closely with for so long are not exposed to the cuts and dismissals that are so typical of corporate takeovers. Mr Richards has agreed to remain in an advisory capacity for an indefinite number of years. He will continue to travel to the major trade shows and industry events, including the ISA Show in Houston (2 October), the Chem Show in New York (31 October), and the Valve World Show in Shanghai (17-19 October).