Dorner Mfg. Names New CEO, CFO
HARTLAND, Wis. — Dorner Mfg. Corp. announces appointments for two leadership positions within the company: Terry Schadeberg as President and CEO and Brian Baumgart as CFO.
Both Schadeberg and Baumgart come to Dorner from Nord Gear Corp., a supplier of industrial power transmission equipment based in Waunakee, Wis. In their most recent positions at Nord Gear Corp., Schadeberg served as President and Baumgart was CFO.
Schadeberg is a 1985 graduate of the University of Wisconsin – Eau Claire, and earned his MBA from the University of Memphis in 1992. Prior to Nord Gear Corp. Schadeberg held the position of CFO for two other companies.
“I’m very excited to join the Dorner team,” Schadeberg said. “The employees should be very proud of the company they’ve built. Our goal is simple – to create and implement a strategy that generates the short- and medium-term results we need, while creating a long term vibrant and healthy company that we can be proud of for years to come. And, of course, we should have a lot of fun along the way.”
Baumgart is also a 1985 graduate of the University of Wisconsin – Eau Claire. His experience prior to Nord Gear Corp. is holding the positions of controller and general manager at one other company.
Dorner is owned by Incline Equity Partners, a private equity firm based in Pittsburgh, Pa. For more information on Dorner, visit www.dornerconveyors.com.
Hartland, Wisconsin-based Dorner Manufacturing is a world leader in the design, manufacture and distribution of high-quality conveyors and related equipment. Since 1973, companies from around the world have turned to Dorner conveyors for greatly improved efficiency and productivity. For more information about products or company news, visit Dorner’s Web site at www.dornerconveyors.com