CHICAGO (BRAIN) — SRAM has announced the hiring of its second Chief Operating Officer in the company's 30-year history, Ken Lousberg.
Lousberg, 50, hails from Colorado, graduated from Colorado State with a degree in Mechanical Engineering, and received his MBA from the University of Colorado. He is an avid mountain biker and most recently lived in Zurich, Switzerland. He is relocating with his wife and three sons to the Chicago area and will be based out of SRAM's global headquarters in the West Loop.
"This was probably the easiest career decision I've ever made," Lousberg said. "SRAM's culture is very special, it's something I will be proud to be a part of, and these are people that I am truly looking forward to working with."
Lousberg has served in numerous senior executive roles. In 1997 he was hired by Genie Industries, a leading aerial work platform company, and helped drive dramatic sales growth, improve distribution, and implement the Toyota Production System. Following Genie's purchase by Terex, Lousberg served as vice president of the European Crane Division, and in 2010 was promoted to president of Terex China, which represented over $550 million in sales and more than 2,000 employees. Most recently Lousberg served as the president of Terex Cranes, Utilities and China, which represented over $2 billion in revenue and more than 5,000 employees.
"We were looking for a leader who had managed an organization of the size and complexity that we are targeting, was a very strong cultural fit, and could understand the technical nature of our components and our manufacturing processes. Ken is perfectly suited to address all of these requirements and we're truly excited to have him on board," said SRAM president Stan Day.
Lousberg will start Tuesday.
