W.F. Taylor Co. Inc. (Fontana, Calif.) CEO Jack Raidy has resigned after leading the company for more than two decades. The company board of directors named Daniel Pelton as new CEO, effective immediately.
The Raidy family has managed W.F. Taylor since 1989, when they purchased it from a British company. Raidy’s father, Jack Raidy Sr., was also the company CEO.
"It has been a tremendous honor to lead W.F. Taylor during the past 20 years,” Raidy said in a statement. “Thanks to the hard work and dedication of many talented individuals who have worked alongside me, W.F. Taylor has become an industry-leading manufacturer of innovative adhesives products that delivered excellence for our customers in the floor covering industry.”
Pelton became W.F. Taylor’s COO in 2015. Prior to joining W.F. Taylor, Pelton was an operating executive with Dominus Capital, which led a recapitalization of W.F. Taylor in 2015.
“I am confident W.F. Taylor is well positioned for the future,” Pelton said. “With the support of our investment partners, we are in a strong position to explore opportunities for growth via strategic acquisitions, introduction of new products, and focus on operational excellence that will help solidify our leadership position in the adhesive segment of the flooring industry.”
