After 43 years, Herbert V. Kohler Jr., chief executive officer
of the company that bears his name, is stepping down.
will give the CEO’s duties to his son and company president,
David Kohler, the company announced Wednesday afternoon.
Forty-eight-year-old David Kohler will continue as president
along with his CEO duties. He will assume responsibility for the
company’s corporate staff and three of its business groups.
Kohler will now be executive chairman of the company, overseeing
the board of directors and shareholder communications, managing
mergers and acquisitions and leading its executive committee,
among other duties, according to the announcement.
Company, a national and international producer of kitchen and
bath products, has annual revenue of nearly $6 billion. It
employs some 32,000 people.