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Nordson Corporation (NASDAQ: NDSN) announced that Greg Merk, executive vice president and leader of the Industrial Precision Solutions segment, will leave the company for new opportunities effective January 31, 2022. CEO Sundaram Nagarajan expressed gratitude for Merk's leadership and emphasized the strong divisional leaders within the IPS segment to ensure a smooth transition. Nagarajan will temporarily oversee this segment and aims to empower the team to implement the Ascend Strategy, focusing on growth and operational excellence.
Positive
Leadership transition may provide fresh perspectives and approaches to the IPS segment.
Strong divisional leaders are expected to maintain stability during the transition.
Negative
Concerns about continuity in leadership within the IPS segment.
Potential experience gaps during the transition period.
WESTLAKE, Ohio--(BUSINESS WIRE)--
Nordson Corporation (Nasdaq: NDSN) announced today that Greg Merk, executive vice president and Industrial Precision Solutions (IPS) segment leader, will be leaving the Company for new opportunities effective January 31, 2022.
“Over Greg’s many years with Nordson, his focus on our customers, commitment to product innovation and proven track record led to roles of increasing responsibility. His energy and passion will leave a lasting impression on Nordson. On behalf of the Company, I’d like to thank him for his leadership and wish him well,” said President and Chief Executive Officer Sundaram Nagarajan.
The Company will be taking time to thoughtfully determine the best approach to filling this role. During this interim period, Mr. Nagarajan will be overseeing the IPS segment.
Continued Mr. Nagarajan, “Within the IPS segment, we have strong divisional leaders who have great relationships with our customers and know their divisions well. I am confident that these leaders will ensure a smooth transition. Building winning teams is a key pillar of the Ascend Strategy. I am looking forward to empowering this team to advance the deployment of NBS Next and lean into our new entrepreneurial owner mindset, as this is the foundation upon which we will deliver top tier growth with leading margins and returns.”
Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, www.twitter.com/Nordson_Corp or www.facebook.com/nordson.
