Idex Corp chief operating officer (COO) Eric Ashleman is taking on the additional title of president.

The president title had been held by Andy Silvernail, who remains Idex chairman and chief executive officer.

Idex says that the change reflects Ashleman’s continued development as a senior leader and the impact he has on the organization.

This decision is part of the Idex board’s long-term executive development and succession planning.

“Eric’s leadership and vision have been instrumental to the success of our company. He has been on the forefront of our unique approach to building an extraordinary enterprise that delivers excellence for our customers, shareholders, team, and community,” said Silvernail.

The two men have worked together at Idex for more than a decade, with Ashleman becoming COO in July 2015.