Tencarva Machinery Makes Leadership Transition  - Modern Distribution Management

Tencarva Machinery Makes Leadership Transition 

A Tencarva veteran executive is promoted to CEO while the company's former CEO becomes chairman.
Tencarva

Pumps and liquid handling equipment distributor Tencarva Machinery Company has promoted Executive Vice President Henry Ritchie to the role of President. Former President Ed Pearce will become the company’s Chairman and will continue to lead strategic initiatives.

Ed Pearce
Ed Pearce, Chairman

“In his 37 years with Tencarva, Henry has held every conceivable job in the company, and his wealth of experience makes him the perfect person to oversee the company’s daily operations going forward,” Pearce said in a Nov. 3 news release.  “He is well respected by our employees, vendors, and customers and has served as our sole Executive Vice President for the last four years in preparation for this transition. Henry has spent his entire career at Tencarva and I look forward to watching the company continue to expand and thrive under his management.”

Greensboro, NC-based Tencarva is backed by Bessemer Investors, LLC, a New York-based investment firm.

Henry Richie

“I am honored and humbled to take over the role of President from Ed, who has done an outstanding job leading the company, especially through its transformation over the last decade,” said Ritchie. “From our beginnings as a sales company, we have grown into a complete solutions provider, and I am excited about my new role and the company’s future. I intend to proudly continue the legacy we’ve built over the last 48 years.”

Concurrently, Chad Plott and Jeremy Reese have both been promoted from Vice President to Executive Vice President. They are both 30+ year Tencarva veterans who will take on expanded responsibilities commensurate with the company’s recent growth.

“These promotions further strengthen Tencarva’s business outlook, while preparing the next generation of Tencarva executives,” added Bohdan Tyshynsky, Principal at Bessemer. “We are grateful for Ed’s continued guidance, and Henry, Chad and Jeremy all bring both company and industry experience that will be invaluable as Tencarva embarks on its next phase of growth.”

In April, Tencarva acquired Atlantic Valve Equipment. 

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