Carlstar Group announced the appointment of Jacob Thomas as Chief Executive Officer, and Board member, effective May 8, 2018. Mr. Thomas will succeed John Salvatore, who will retire at the end of May after serving as CEO with the business since 2015.
“We want to sincerely thank John Salvatore for his leadership over the past four years as a member of the Board and past three years as CEO of the Carlstar Group,” stated Dino Cusumano, Sr. Managing Partner of American Industrial Partners (“AIP”), Carlstar’s majority shareholder. “Throughout John’s tenure, the organization has continued to deliver improved results and the business is well positioned for sustainable growth.”
Prior to joining Carlstar, Mr. Thomas was Group President of CLARCOR’s Engine Mobile Filtration business. Prior to CLARCOR, Mr. Thomas served as the President of the Diaphragm and Dosing Pumps Group of IDEX Corporation, where he managed a portfolio of businesses, including Warren Rupp. Before that, he spent seven years in executive roles for Terex Corporation, including as the President of Terex Latin America based in Sao Paulo, Brazil. He also worked for nine years for Navistar International Corporation in a series of senior positions, including as Vice President of Navistar’s Big Bore Diesel Engines business unit, and also held positions in product management and product development at Case Corporation and Ford Motor Company. Mr. Thomas holds a Bachelor of Science degree in Mechanical Engineering from the Indian Institute of Technology, a Master of Science degree in Mechanical Engineering from The Ohio State University, and an MBA from The University of Chicago Booth School of Business.
“Jacob Thomas is a highly talented and proven leader and an ideal match to lead the Carlstar organization,” stated Cusumano. “In the near term, Jacob’s focus will be to continue Carlstar’s positive momentum and further accelerate the Company’s strategic business improvement and growth initiatives.”
Mr. Salvatore will remain on the Carlstar Board and will be a Key Senior advisor to AIP.