Canadian industrial distributor Wajax Corp. (TSX: WJX) on Tuesday announced that Mark Foote will retire as president and CEO on Dec. 31.

Ignacy (Iggy) Domagalski, the CEO of Tundra Process Solutions Ltd., will be appointed the new president and CEO upon Foote’s retirement. Wajax acquired Tundra earlier this year.

Foote has served as president and CEO since March 2012.

The company said he has overseen the reorganization of Wajax from independent product divisions to an integrated distribution model, achieved significant improvements in employee safety and satisfaction and implemented a “customer-focused growth strategy” that combines a broad range of heavy equipment, industrial parts and engineered repair services businesses to meet the needs of the corporation’s approximately 32,000 commercial, industrial and resource customers.

“It has been a real privilege to lead the Wajax team and to contribute to the ongoing success of such a storied Canadian company,” Foote said. “I look forward to working with Iggy and the leadership team to ensure a successful transition, and I am convinced Iggy’s leadership will result in an even stronger organization for our team and our customers.”