Steel Partners Holdings Announces Rory Yanchek Named President of MTI

Rhea-AI Summary

Steel Partners Holdings L.P. (NYSE: SPLP) has appointed Rory Yanchek as the new President of MTI. Warren Lichtenstein, Executive Chairman, expressed confidence in Rory's leadership abilities, citing his extensive experience at 3M, where he held senior roles including Vice President of the Government business. Rory aims to continue MTI's legacy of growth and exceptional customer value. He holds an MBA from the University of St. Thomas and a bachelor's degree from East Stroudsburg University, along with serving in the United States Army.

Positive

• Appointment of Rory Yanchek as President of MTI, which may drive future growth.
• Yanchek's extensive experience at 3M and proven leadership skills could enhance operational performance.

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• None.

Steel Partners Holdings L.P. (NYSE: SPLP) announced the appointment of Rory Yanchek as the President of MTI.

Steel Partners’ Executive Chairman Warren Lichtenstein said, “It is my pleasure to welcome Rory as MTI’s President. He is a proven executive who brings a passion for leadership, building high-performing teams, and developing businesses. He has a track record of success in leading change, driving growth, and strengthening the operational performance of global business units. We are confident Rory is the right choice to take MTI forward.”

Rory joins MTI following 25 years at 3M. Most recently, he served as Vice President and General Manager of 3M’s Government business, where he led 3M’s efforts to build sustainable growth in USA Government markets. Prior to this position, he held several global business unit leadership roles, serving as Vice President and General Manager of 3M’s Aerospace and Commercial Transportation Division and 3M’s Defense Markets Division.

Earlier in his career, he served in various leadership roles in business development, marketing, and business management, including Six Sigma.

“I am honored and excited to have the opportunity to lead this great company,” said Yanchek. “MTI is an established leader in its industry with a history of growth and providing exceptional value for its customers. I am confident about the company’s future and look forward to working together with the team to build on this legacy and lead MTI into its next chapter.”

Rory earned a master’s degree in business administration from the University of St. Thomas in Minnesota and a bachelor’s degree in political science from East Stroudsburg University in Pennsylvania. He is a veteran of the United States Army.

About Steel Partners Holdings LP

Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, banking, defense, supply chain management and logistics, direct marketing, and youth sports.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210402005263/en/

FAQ

Who is Rory Yanchek and what is his role at Steel Partners Holdings?

Rory Yanchek has been appointed as the President of MTI under Steel Partners Holdings, bringing extensive experience from his previous 25 years at 3M.

What experience does Rory Yanchek have in leadership?

Rory Yanchek has served in various leadership positions at 3M, including Vice President and General Manager, focusing on sustainable growth in government markets.

What does Steel Partners Holdings L.P. do?

Steel Partners Holdings L.P. is a diversified global holding company involved in various industries including industrial products, energy, and defense.

What are the expectations for MTI under Rory Yanchek's leadership?

Rory Yanchek aims to build on MTI's legacy of growth and provide exceptional value for customers, leveraging his extensive leadership experience.