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| JR
Jones |
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When March 30, 2008 rolled around, things at Rheem
Manufacturing Co. changed considerably. The company had already begun
reorganization in 2007 and in 2008 it experienced a leadership change. Outgoing
President and CEO I. Stewart Farwell assumed the role of special advisor to the
company for the remainder of 2008 and JR Jones vacated his role as corporate
senior vice president and COO, stepping into Farwell’s position.
“Stu has laid the foundation and the course for Rheem to
meet the new challenges facing today’s highly competitive, global HVAC and
plumbing manufacturing environment,” pointed out Jones when he assumed
leadership. “I look forward to building on the successes he has established and
taking Rheem to an even higher level of excellence.”
A mechanical engineer by training, Jones began his career
with the Rheem Air Conditioning Division in 1983 as a project manager. Three
years later, he embarked on a professional journey that led him back to Rheem
in 2002, when he returned as president of the Rheem Air Conditioning Division.
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“Since returning to Rheem, JR has profoundly impacted the
business by making systemic changes that have led to growth, product
innovation, customer and employee satisfaction, and brand recognition,” noted
Farwell.
According to the company, the promotion of Jones continues
the progressive evolution and organizational restructuring of Rheem. Shortly
after his promotion, Jones announced the appointment of his successor, Chris
Peel. As corporate senior vice president and COO, Peel has been responsible for
the growth of the heating and cooling and the water heating business units. He
was tasked to “work towards leveraging synergies among these critical segments
to drive greater results and innovation companywide.”
“Chris is well known throughout the industry as an
innovative leader based on his ability to develop effective strategies and
deliver consistent results in terms of business growth and profitability,”
explained Jones. “His thorough understanding of multiple business functions will
be critical as we seek to grow our product portfolio and enhance our services,
partnerships, and processes.”
Jones and Peel were not the only new appointments made in
2008. Peter Reynolds was appointed as vice president and general manager of the
water heating division shortly before Jones was promoted.
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| Leading the significant evolution at Rheem, JR Jones,
president and CEO of Rheem Manufacturing Co., has set his sights on striving for
growth. |
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“Based on his successful tenure at Rheem, visionary skills,
and extensive industry knowledge, Peter will provide structural consistency
between our divisions and position us for increased synergy in the product
development area,” noted Jones.
Later in July of the same year, Raypak Inc., one of Rheem’s
brands, strengthened its heat pump portfolio with the acquisition of certain
manufacturing assets of Pool Fact Industries LLC. In December, Michael
Sentovich, was named vice president and general manager of the recently
expanded Raypak.
According to Peel, this appointment made Sentovich
responsible for leveraging the technological strengths of Raypak, Rheem Water
Heating, and Rheem Heating & Cooling, which includes an aggressive product
development plan and overall business expansion.
Hallmarked by his striving for growth, Jones continues to
lead Rheem through familiar and uncharted waters. Spending time overseas and
within the continental United States, he has set his sights on strengthening
Rheem’s management team, re-purposing and adding new facilities, expanding the
company’s product portfolio, strengthening its brands, and leveraging its
technical resources.
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