John Mosunic named CEO of Arrowhead Engineered Products
Blaine, MN – February 17, 2020 – Arrowhead Engineered Products (AEP) President and Chief Executive Officer (CEO) Jim Wisnoski announced today that he will step down from the role effective April 1, 2020. Jim will remain as an advisor to the Board of Directors and to the newly appointed CEO.
The Board of Directors has elected John Mosunic, the company’s Chief Operating Officer, to the position of President and Chief Executive Officer, effective April 1, 2020. Additionally, John has been elected to serve as a member of the Board, effective immediately.
“I am delighted that John will become our company’s next CEO,” said Wisnoski. “He has demonstrated exceptional leadership in his short tenure leading the operations of our company, and he brings the same vision and values to lead AEP into the future. I am also excited about this next chapter in my life to spend more time with my family, while remaining connected as an advisor to the company that I have spent the last 14 years building.”
“I am thrilled to take on the leadership of AEP and continue to drive performance for all our stakeholders. I was drawn to the business because of the company values, Jim’s vision and the strategic opportunities we have in front of us. I did not expect the warm culture and such a talented workforce. This is going to be fun!” said Mosunic.
“The AEP Board has been focused on succession planning since Jim indicated his desire to step back over a year ago, and John’s election to President and CEO enables us to ensure a seamless transition in this critical leadership role,” said Steve Stubitz, Chairman of the Board and Riverside Operating Partner. “The Board appreciates the tremendous progress the company has made under Jim’s leadership and we look forward to building on this progress with John as our next CEO.”
Mosunic joined AEP in 2019 as the COO, and quickly immersed himself in all aspects of the organization. John has over 20 years of executive management experience as CEO, COO and CFO working at OmniParts (a Nissan Company), InterAmerican Motor Corporation, FleetPride, General Parts International (CARQUEST) and WorldPac. Over the last 25 years John has successfully completed nearly 100 acquisitions and mergers and has successfully sold 5 businesses.
Arrowhead Engineered Products is majority owned by The Riverside Company. The Riverside Company is a global investment firm focused on being one of the leading private capital options for investors, business owners and employees at the smaller end of the middle market by fueling transformative growth and creating lasting value. Riverside has more than $10 billion of assets under management.
Since its founding in 1988, Riverside has made more than 600 investments. The firm’s international private equity and structured capital portfolios include more than 100 companies. For more information visit www.riversidecompany.com
Arrowhead Engineered Products is minority owned by Investcorp, a leading global provider and manager of alternative investment products. For more information, visit www.investcorp.com