Techtronic Industries Company Limited announced the appointment of Mr. Steven Philip Richman, Chief Executive Officer of the Company, as an Executive Director of the Company with effect from 6 August 2024). The biographical details of Mr. Richman are as follows: Mr. Richman, aged 64, graduated from the University of California, Los Angeles and holds a Bachelor of Arts degree in Political Science, with a focus on business. In January 2007, Mr. Richman was appointed by the Company as the President of the flagship Milwaukee business and he served in that role for over 17 years (until his recent promotion in January 2024 to the role of Senior Group President), during which time Milwaukee Tool has experienced unprecedented performance, including double digit compounded annual growth in revenue over the last decade.
His responsibilities encompass every facet of Milwaukee Tool's business, including overseeing global product development, manufacturing operations, and sales and marketing. Mr. Richman, who is a veteran of the power tool and outdoor power equipment industry, has a wealth of professional experience spanning over 35 years in the management of industrial, electrical, plumbing, and retail distribution operations. Before joining the Group, he held key management positions with BLACK & DECKER® and served as president of SKIL® and BOSCH® Power Tools for over five years respectively.
He is a member of the board of directors of Traeger Inc., the shares of which are listed on the New York Stock Exchange.
