Mile Marker Appoints Interim CEO
Mile Marker Industries has named Paul Fioravanti as interim CEO and Randall Speir as VP of operations and innovation, the company announced. Fioravanti replaces former President John Laub.
“A private investor acquired the business in the summer of 2021 and Mile Marker has a long tradition of quality, product innovation and excellence beginning with its founding in the early 1980’s,” said Fioravanti. “Mile Marker felt it was time to bring in some experienced transformational leadership to prepare the company for its contemplated next phase of growth as we expand our reach and leverage our technologies to provide solutions with the objective of increasing demand.”
“Mile Marker is continuing to invest in R&D, product development and process improvement with the goal of bringing new and innovative products to the aftermarket and accessories marketplace,” added Fioravanti. “MMI has invested in inventory and logistics as well to ensure that our products are available given the current global supply chain constraints.”
According to Speir, “Mile Marker is deep-rooted in innovation and was ahead of its time when the company started nearly 40-years ago with drivetrain conversion kits to increase a vehicle’s fuel economy. Utilizing the hydraulic system of an automobile to power a recovery system was another innovative idea leading to an ongoing relationship with the United States Military and earning the trust of thousands of service people,” said Speir, the newly appointed VP of operations and innovation. “I am excited to work with the MMI team to continue leveraging technologies, developing innovative solutions, and producing dependable products that enrich people’s lives in their professional and recreational activities.”
Speir is a veteran of the global mobility-industry with knowledge of product engineering, manufacturing, planning, program management, sales, marketing and the aftermarket, the company said.
