New leadership at Hendrickson
Gary Gerstenslager, president and chief executive of Woodridge, Ill.-based Hendrickson, will retire at the end of the year after 32 years of service. Succeeding Gerstenslager will be Matt Joy, Chief Operating Officer at Hendrickson, who joined the company in 2006.
Founded 105 years ago, Hendrickson is a global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspension systems; integrated and non-integrated axle and brakes systems; tire pressure control systems; auxiliary lift axle systems; and other equipment.
Gerstenslager became president in 2006, and in 2007 added the title of chief executive.
“Gary embraced this role and over his 15 years as president turned Hendrickson into a leading global supplier,’’ said Matthew Boler, chairman, president and chief executive of parent company Boler Co.
Effective Jan. 1, Joy will be promoted “as the fifth president and second chief executive’’ in Hendrickson’s history, the company said. Joy has served as vice president and general manager of the specialty products group; vice president and general manager of the truck division; and as chief operating officer.