The move comes after President Stu Thorn announced plans to retire

July 09, 2015

Southwire Company on July 9 named Rich Stinson as its president as the company begins a transition in leadership. Stinson, now group president of electrical systems and services for Eaton Corporation, will join Southwire on Oct. 15. After initially serving as president under President and CEO Stu Thorn, Stinson will assume the role of chief executive officer following an orderly transition period. Thorn previously announced plans to retire after more than 14 years leading Southwire. His retirement closes a remarkable career of service to the company and its shareholders.

Since Thorn became Southwire’s top officer in 2001, he has guided the company through a successful period of innovative new products and diversified growth, where annual sales trebled to more than USD 5 billion and the company became one of the world’s largest wire and cable manufacturers. Under his leadership, the company has been recognized for its commitment to sustainability – focusing on the environment, employees, communities and ethics. Thorn has been instrumental in leading innovative shared-value educational initiatives, such as 12 for Life.