MONROE, Conn. (June 24, 2016) – Stancor Pumps announced the appointment of Bill Tipton as their new CEO. He assumed responsibilities on May 23 and succeeds Stamo Lagoutis. Tipton joined Stancor after nine years working for Weir Group PLC. During his time at Weir he developed growth strategies for their Oil & Gas division and delivered two major post acquisition integrations while VP of Business Development. Most recently he held executive leadership roles at Weir’s wellhead business in Houston, Texas as interim President and VP of US Operations. “I am excited about the future and the growth opportunities for Stancor - even with the current market headwinds in the US coal mining sector. Stancor has great people, great products and a strong brand that will take us into the future.” Bill graduated from Oregon State University with a BSME and has worked in the pump industry for more than 25 years with companies such as Sulzer, Flowserve and Weir Group. Stancor offers a complete line of electrical submersible pumps and controls solutions including heavy-duty MSHA dewatering pumps, standard and customized pump control systems and solutions. The business was most recently purchased by private equity firm Knox Capital in August 2014.
Sat, 06/25/2016 - 00:00