Federal
Heath, with a 118-year history of sign industry excellence, will implement a carefully
planned transition in leadership this year as longtime President and CEO Kevin
Stotmeister announced plans to retire at the end of 2019.
Earlier
this year, Stotmeister announced his end of the year retirement plans. He will
retain his Chief Executive Officer responsibilities for the remainder of 2019. Stotmeister
promoted current Executive VP & Chief Operating Officer, Sid Rasnick, to
succeed him as President. Rasnick assumed his new duties in mid-January 2019.
Stotmeister
will have more than 39 years with the company and more than 26 years as its President
upon his retirement. Rasnick is a 31-year employee who has worked and succeeded
in numerous leadership positions with ever-increasing responsibilities over
those years. Stotmeister said: “Sid is uniquely qualified and eager to guide Federal
Heath from the top spot during the years ahead.
“This
is a very exciting time for our company – a time of many new profitable growth
and continuous improvement opportunities,” said Stotmeister. “I look forward to
this final year of my direct involvement with all of the Federal Heath team and
ask that all join me in helping Sid move on to ever-greater success for Federal
Heath.”
Rasnick
said, “This is a tremendous moment in history for the sign industry and Federal
Heath, which makes this a very exciting time to step into a new role as
President. I’m grateful for the chance to make a difference, and to be
surrounded by such a dynamic, experienced management team and the best
employees in the business. For years we have helped companies connect and
engage with their customers. We look forward to continuing that mission for
many years to come.”