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Company News Fletcher Business Group Hires New CEO

FLETCHER BUSINESS GROUP APPOINTS NEW CEO

Board of Directors Names Jim Welch to Lead Global Solution Provider’s Growth

[East Berlin, CT – NOVEMBER 1, 2019] Today, Fletcher Business Group (FBG) – a leading global provider of solution-driven technologies for a wide range of industries – including custom and OEM picture framing; sign & graphics; hardware; woodworking; and float and glass fabrication industries – announced the appointment of Jim Welch to the position of Chief Executive Officer.

The Board named Jim Welch as the company’s new Chief Executive Officer, effective immediately. FBG’s past President and CEO, Blair Tomalonis, will see Welch through the initial transition before retiring from his 22-year tenure with the company at the end of the year. Ben Paharik will continue to serve as FBG’s Executive Vice President with a renewed focus on expanding operations through new business opportunities. Both Tomalonis and Paharik will continue their roles as FBG shareholders and members of the Board.

Welch’s primary focus as CEO will be to grow and integrate FBG’s multi-site international business – highlighting FBG’s innovative global product lines and industry-leading services to customers. Additionally, Welch will be responsible for developing FBG employee talent and corporate culture.

Welch brings over 30 years of executive and sales leadership to his new role, with extensive experience serving in the tool and cutting tool industries. Most recently, Welch served as President USA of Walter Surface Technologies, a leading manufacturer of high productivity abrasives, power tools, tooling and environmental chemicals for the metal working industry. During his 11-year tenure at Walter, Welch was instrumental in driving the company’s tremendous sales growth, improved culture and renewed focus on people development.

“We’re excited to have Jim Welch join the Fletcher Business Group team” said a Board representative. “His breadth of experience in building and leading small to mid-size businesses will enable FBG’s continued growth and create new opportunities for both our employees and customers.”

“The Board would also like to thank Blair Tomalonis for serving as President and CEO of Fletcher Business Group over the past 22 years and congratulate him on his retirement,” continued the Board representative. “Blair has been a steady leader, overseeing the business through significant changes – including the acquisitions of Alfamacchine, AMP, Atlas and Frameware.”

“I am thrilled to join Fletcher Business Group at such an exciting time in the company’s history,” said Jim Welch, CEO, Fletcher Business Group. “With FBG’s ongoing strategic acquisitions, expansion into new product categories and talented team, FBG is a true global market leader with limitless potential. I am excited to take the helm and look forward to working alongside our talented employees and customers to continue FBG’s trajectory to be a leading solution provider.”

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 About Fletcher Business Group

Fletcher Business Group (FBG) is a global manufacturer that is made up of seven globally-recognized brands – Fletcher, Alfamacchine, Albin, AMP, Picture Perfect, Atlas Saw & Tool and Frameware. The company offers its customers solution-driven technologies for Mitre Cutting; Frame Joining; Automation, Multi-Material Cutting; Assembly|Finishing; Hanging & Display; Saw Blades & Sharpening; and Automated Glass Cutting. FBG is the recognized leader across a diverse range of industries – including custom and OEM picture framing; sign & graphics; hardware; woodworking; and float and glass fabrication. Founded in 1868, FBG has a longstanding global reputation for high quality products, innovation and exceptional customer service. For more information, visit www.fletcher-terry.com.

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“We’re excited to have Jim Welch join the Fletcher Business Group team” said a Board representative. “His breadth of experience in building and leading small to mid-size businesses will enable FBG’s continued growth and create new opportunities for both our employees and customers.”

“I am thrilled to join Fletcher Business Group at such an exciting time in the company’s history,” said Jim Welch, CEO, Fletcher Business Group. “With FBG’s ongoing strategic acquisitions, expansion into new product categories and talented team, FBG is a true global market leader with limitless potential. I am excited to take the helm and look forward to working alongside our talented employees and customers to continue FBG’s trajectory to be a leading solution provider.”