After serving as president and chief executive officer for 22 years, Domenic Federico will retire from BriskHeat at the end of the year.
A 27-year veteran of the company, Mike Thompson will serve as president and CEO, effective Jan. 1, 2023. Thompson most recently served as senior vice president of manufacturing for the past 15 years.
During his years at BriskHeat, Federico led the company to tenfold growth. Under his leadership, BriskHeat has expanded from 100 employees to more than 900 based in six countries. In 2018, Federico led the sale of BriskHeat to Sweden-based NIBE Industrier, a global group of manufacturing companies with more than $3.7 billion in annual revenue and 15,000 employees worldwide.
“The real strength of BriskHeat over the years is in the people and the team we’ve been able to put together,” Federico said. “You must value your people to grow your business. The team we have in place now will forge on and expand, which means continued growth and opportunities for everyone at BriskHeat.”
Thompson has held key positions in manufacturing and sales throughout his 27 years with the company. Thompson will lead the company into further areas of growth, including a new production facility in Costa Rica.
“As BriskHeat moves into the future, I believe we’re going to be reflecting on Domenic’s vision,” Thompson said. “We will build on our current success and continue to drive revenue growth. We will accomplish this through further market diversity and expanded customer base applications.”