Shur-Co’s Board of Directors have named Chad Heminover to succeed Terry Tennant as Chief Executive Officer (CEO), effective August 29, 2022. Mr. Tennant, who has served as CEO since 2010, announced his retirement as CEO and will continue to support the company as he joins the board of directors.
Behrman Capital acquired Shur-Co in June 2021 and remains its majority shareholder. Simon P. Lonergan, Managing Partner of Behrman Capital, said, “On behalf of the Board, I want to thank Terry for his tenure as CEO. Under his leadership, the company has significantly grown revenues and profitability, and created a sustainable enterprise that is well-positioned for the future. I would also like to thank Terry for supporting Shur-Co as a board member going forward as we continue to grow.”
“It has been my honor and privilege to serve this great company for 12 years as CEO and 5 years prior to that in executive roles. I am proud of the people, the customer base we serve, and the demonstrated growth over the years.” Mr. Tennant stated.
Mr. Heminover will become the 4th CEO in the more than 60-year history of Shur-Co. Previously, he served as President of Fleet Vehicles & Services (Utilimaster) of the Shyft Group, Inc. He has over 15 years of experience in domestic and international business with executive leadership roles spanning all business functions including finance, M&A, sales, marketing, product management, manufacturing, Business Development, human resources, technology, customer service and program management.
Mr. Heminover stated, “I am honored to be named the next CEO of Shur-Co and want to thank both Terry and the Board for the confidence they have placed in me to lead this strong organization. I welcome working with Terry as a board member and benefiting from his experience as we continue to grow the company.”
Shur-Co is a leading manufacturer of innovative cargo covering and cargo control systems and related accessories for the transportation industry. Customers trust the Company’s family of premium brands to protect and secure valuable cargo, comply with regulations, and minimize risks to drivers and roadways. Shur-Co’s quality product offering serves applications tied to the agriculture, construction, waste, flatbed, and rail industries. Shur-Co has proudly served its customers for more than 60 years.