Frank J. Krejci Named as Strattec's (STRT) New CEO
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Harold M. Stratton II, Chairman and Chief Executive Officer of STRATTEC SECURITY CORPORATION (Nasdaq: STRT) announced he will retire from the company on September 1, 2012. After that date, Mr. Stratton will remain on the company's Board of Directors as non-executive Chairman.
Also effective September 1, 2012, Mr. Frank J. Krejci will become STRATTEC's Chief Executive Officer in addition to his current duties as the Company's President. These changes in the Company's leadership are part of a succession planning process conducted over the past several years by STRATTEC's Board of Directors to provide a smooth transition and continuity in the Company's management after Mr. Stratton's retirement.
Also effective September 1, 2012, Mr. Frank J. Krejci will become STRATTEC's Chief Executive Officer in addition to his current duties as the Company's President. These changes in the Company's leadership are part of a succession planning process conducted over the past several years by STRATTEC's Board of Directors to provide a smooth transition and continuity in the Company's management after Mr. Stratton's retirement.
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