Molex announced the appointment of Joe Nelligan as the new chief executive officer in place of Martin P Slark, who would be retiring in November after 42 years of service.
Martin Slark led the company through significant growth, as well as through Molex’s acquisition by Koch Industries in 2013.
Over his 13-year tenure as CEO, Molex’s revenues and profits more than doubled and its number of employees grew from 27,000 to 46,000.
His focus on profitable growth has resulted in more than a dozen strategic acquisitions for Molex, as well as the company’s entry into new markets that include autonomous vehicles and connected health.
Joe Nelligan began his career at Molex in the Product Engineering department. After working two summers as an intern, he joined Molex full-time in 1986. He held several roles in Engineering, Product Management, and Sales. He was named COO for Molex in 2016 and assumed an additional role as president in 2017.
