Doyon has served as CEO for 15 years and has been with Inductotherm, a thermal process equipment specialist, for 38 years. He is being succeeded by Mick Nallen and Satyen Prabhu, who will serve as co-leaders. The transition took effect 1 July. 

“We greatly appreciate and thank Gary Doyon for his exceptional leadership over the past 15 years,” said Virginia Rowan Smith, Inductotherm Group chairman. “The Inductotherm Group is positioned for great things in the future based on its strength today. As we move forward with our succession plans, we are confident that the new leadership will continue to uphold the high standards and legacy that Gary has established.”

Doyon will remain actively involved with the company. He will continue to serve as the only non‐family member on the parent company board, assisting with specific operational needs of other businesses owned by the Rowan family and pursuing new business avenues and opportunities for the Inductotherm Group.

Meanwhile, Nallen and Prabhu, in their new roles, will focus on thought leadership, market comprehension, and deepening the company’s understanding of the thermal processing industry’s various sectors. The leadership arrangement is designed to leverage their complementary strengths and experiences, the company said. 

“This management strategy fits perfectly with the fact that our business is large, growing fast, and becoming wider in product technologies around the world. Mick and Satyen have come up with strong business plans that meet our family’s goal of maintaining a stable, customer‐focused, and technology‐centric business. We have an exciting future ahead of us,” Smith said.