Bourn & Koch, Inc. has announced that Terry V. Derrico has been named president of the company effective October 21st, 2015. Also joining senior management are Kerry Koch (CFO), Greg Champion (vice president of sales and marketing) and Peter Mischler (engineering manager).
Derrico, who was most recently president and CEO of United Grinding North America, brings over 30 years of relevant industry and leadership experience to Bourn & Koch. He has a track record of growing profitable businesses by addressing customer needs and managing complex manufacturing operations. Prior to joining Bourn & Koch, Derrico was a group president within the Industrial Group at The Marmon Group LLC, a division of Berkshire-Hathaway, Inc., and president and CEO of SIG-Pack Inc. He also spent ten years at GE Fanuc as national sales manager, where he built significant growth and developed key markets in North America.
Kerry M. Koch has been appointed chief financial officer. Koch brings more than 30 years of finance experience. His background includes a heavy concentration in highly-engineered equipment and significant experience in mergers and acquisitions. He was most recently the chief financial officer of Elgin Equipment Group, LLC and previously the interim chief financial officer/corporate controller of Paladin Brands.
Greg Champion has been appointed as the new vice president of sales and marketing at Bourn & Koch. Champion brings a wealth of sales and marketing experience with him from his tenure with Rockford-based Hennig, Inc. Champion is also the former vice president of sales for Mattison Technologies Co. Bourn & Koch, Inc. is the OEM for Mattison and continues to produce Mattison machine tool products, replacement parts, machine rebuild and repair services. His knowledge of the machine tool industry will be invaluable as Bourn & Koch grows.
Peter Mischler joins Bourn & Koch as the new engineering manager. Mischler was previously the development engineering manager at Fives-Cincinnati and also worked for Ingersoll Machine Tool. Mischler's engineering background and drive to innovate allows Bourn & Koch to continue their tradition of producing enhanced machine tool designs and products within the metal-working industry. Mischler holds eight U.S. patents created for machine tool applications.
Derrico is excited to work with this talented and experienced management team that has set the objectives to grow the company's key products and segments while expanding Bourn & Koch core competence to the global manufacturing market.