Peer Chain Announces President Succession - Modern Distribution Management

Peer Chain Announces President Succession

The former vice president of the company brings extensive industry expertise and leadership to the family-owned distributor.
Oct 7, 2024 – From left to right: Charles Spungen, Jeffrey Spungen, Drew Beadle, Glenn Spungen, Danny Spungen. All employees received a succulent, a strong and resilient symbol of PEER’s future growth.

Lead photo:  From left to right: Charles Spungen, Jeffrey Spungen, Drew Beadle, Glenn Spungen and Danny Spungen. All employees received a succulent, which the company said is a strong and resilient symbol of PEER’s future growth.

Industrial chain and sprockets distributor PEER Chain & Sprockets promoted Drew Beadle to President of the company, effective January 2025.

Prior to joining PEER Chain & Sprockets, Beadle led the design and manufacturing team in Cedar Falls, IA, and he has been with PEER Chain for five years.

“Beadle understands the industry as well as anybody,” PEER Chain Board Member Jeff Spungen said in an Oct. 9 news release. “He knows what makes an implementation of our product successful for a customer. He’s smart, detail-oriented and has encyclopedic knowledge of our company and will lead the team well.”

Outgoing President and Board Member Glenn Spungen and his brother Danny Spungen, the VP of Strategic Management, along with cousins Charles and Jeffrey Spungen, will continue to serve on the company’s board of directors as they have in the past.

Waukegan, IL-based Peer Chain is a family-owned company that focuses on inventory stock of major chains with and without attachments and popular sprockets. The company was established in 1969 by Nate Spungen.

See PEER Chain & Sprocket’s full news release here.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!