Andy L. Nemeth, president of Patrick Industries Inc., in Elkhart, Ind., will succeed Todd M. Cleveland as chief executive officer effective January 1, 2020. Nemeth will continue in his role as president and a director of the company. Cleveland will become executive chairman and will continue to lead the board of directors.
“The company has continued to evolve in its depth, breadth, and complexity as it has grown in alignment with our strategic plan, and Andy has provided exceptional strategic, organizational, operational, and financial leadership during this time and throughout his 23-year tenure with Patrick,” Cleveland said in a statement. “He has a proven track record of accomplishment, leadership credibility, and vision within our organization and the industries in. which we operate, and has worked side by side with me in driving the execution of our strategic visions.”
Added Nemeth, “The incredible talent and spirit in our organization coupled with the energy and passion of our team members are both inspiring and humbling. I’m excited and honored to lead Patrick and our ‘Customer 1’ culture with the goal of carrying on our legacy of leadership and performance and driving our trajectory growth and values-based organizational presence. I’m further energized by the ongoing partnership with Todd in his new role, our senior team, and the Board of Directors in driving our strategic plan, while continuing our focus on increasing shareholder value as we strive to bring the highest quality products and service to our customers.”
Prior to assuming the position of president in 2016, Nemeth was executive vice president of finance, secretary-treasurer and chief financial officer from 2004 to 2015. He joined the company in 1996 and held many positions.
Cleveland was appointed chairman of the board in 2018 and chief executive officer in 2009. He was president of Patrick Industries from 2008 to 2015 and COO from 2008 to 2013. Before joining the company, he spent 17 years with Adorn Holdings Inc.