Brady CEO Retires - Modern Distribution Management

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Brady CEO Retires

Manufacturer taps CFO to serve as interim president and CEO.
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Brady Corp. (NYSE: BRC), Milwaukee, WI, announced the retirement of President and CEO Frank M. Jaehnert and the appointment of current Senior Vice President and CFO Thomas J. Felmer as interim president and CEO.

At the request of the Board, Jaehnert will remain with the company in a consultative position until Dec. 31, 2013.

Goodkind said that Felmer will retain his responsibilities as CFO and senior vice president while the board conducts a search for a new president and CEO.

Brady is an international manufacturer and marketer of solutions that identify and protect premises, products and people, including labels, signs, safety devices, printing systems and software and precision die-cut materials.

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