According to the company, president and chief operating officer Colin Osborne will take on his new duties as president and chief executive officer on 1 August, completing a leadership transition that began in late 2018. 

"Colin's depth of experience across our business makes him ideally suited to be our next president and CEO, and we look forward to having him step into this role in August. He has the full support of the family and the board," said board chairman Mark Samuel.

Osborne is succeeding Bill Chisholm, who is retiring after serving six years at the helm.  

“On behalf of the board of directors, I would like to thank Bill for his dedication to Samuel and to wish him the very best in his retirement. It has been a pleasure to work with Bill in modernizing this great family enterprise," Samuel said. 

Osborne joined the company in 2015 as president of Samuel Manufacturing Group, where he led its diversified manufacturing businesses. He was later named president of Samuel’s service center business and became the chief operating officer in October 2018. 

He holds a bachelor’s degree in engineering from McGill University and has completed the executive management program at Queen's University.