B&D Industrial announces CEO Andrew (Andy) H. Nations retirement and succession
Macon, GA (December 31, 2020) – B&D Industrial, Inc. (B&D), a family and employee-owned industrial distributor and service provider in Macon, Georgia, announces the retirement of CEO Andrew (Andy) H. Nations, effective 12/31/2020. Andy will remain Chairman of the Board of B&D Industrial while three of the third-generation family members, Brian Davis, Ben Nations, and Lauren Lanter, will step into the Co-CEO position while continuing in their current operating roles. All were elected to the Board at the annual shareholders meeting in December 2020. Andy will still be accessible to senior leadership and will continue to mentor B&D’s management teams.
Brian, Ben, and Lauren have all been taking on greater management responsibilities for the past decade and have jointly led the company through some significant changes, including implementing the company’s partial ESOP and the acquisition of two large strategic businesses in recent years. The three executives have proven to have a remarkable synergy in working together, yet each with unique professional expertise, which made the co-CEO role a clear advantage and natural fit for B&D Industrial.
Andy Nations began his career with B&D in 1965, working part-time in high school for his father, John D. Nations. Andy was named CEO in 1993 and led B&D to the next level, from implementing the company’s first computer system in 1975 to managing various acquisitions and achieving record growth in the 1990s. He has always been a leader in industry associations. During his tenure as CEO, he received both the Warren Pike Award for lifetime achievement by the Power Transmission Distributors Association and the Bearing Specialists Association Lifetime Achievement Award.
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