Joy Global CEO to Step Down

Joy Global (NYSE: JOY  ) is to lose its chief executive in the very near future. CEO Michael Sutherlin will relinquish his position at the end of this year when he enters retirement. The company's board has designated Edward Doheny II as his replacement.

The 66-year old Sutherlin will formally retire next February 1, but Joy Global said that he will fully transfer responsibilities to Doheny by December of this year following the release of the firm's fiscal 2013 results.

Doheny, 50, has been the COO of the company's underground mining equipment unit since 2006. Prior to that, he worked for 20 years at Ingersoll-Rand in numerous executive positions.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2316483, ~/Articles/ArticleHandler.aspx, 10/22/2014 4:20:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement