As CEO, Wright will lead the company’s continued growth with a focus on expanding products and solutions, enhancing customer experience, and increasing channel access. He will also join Indicor’s board of directors.
Wright most recently was president and CEO, Building Technologies of Honeywell International. Prior to Honeywell, Wright served as president and CEO of Source Photonics, and held numerous leadership roles with Source Photonics, United Technologies Corp (now Raytheon Technologies) and Ingersoll Rand.
The Indicor board has also approved the relocation of its global headquarters from Sarasota, Florida to Charlotte, North Carolina. Indicor expects to complete the move by the end of the second quarter of 2023.
“I am thrilled to join Indicor and lead the company forward,” said Wright, who will also join Indicor’s board of directors. “I have tremendous regard for the scale and strength of Indicor’s portfolio, that has for decades served industrial customers across a wide spectrum of end markets. I believe Indicor has significant potential and look forward to working with its mission-driven team to build on the company’s momentum and drive new successes in this next chapter.”
“On behalf of the board, we are pleased to welcome Doug to Indicor,” said John Stroup, interim CEO and chairman of Indicor. “He is a dynamic and experienced leader with deep knowledge of the industrial sector, and an established track record of building businesses in diverse end markets. His experience in building teams, delivering profitable growth, driving innovation, and capital deployment uniquely qualify him for the growth agenda at Indicor. I look forward to Indicor’s continued success under Doug’s leadership.”
Indicor was formed following the 2022 sale of a majority stake in a portfolio of industrial businesses from Roper Technologies Inc to funds affiliated with Clayton, Dubilier & Rice (CD&R). The Indicor family of companies includes Alpha, AMOT, CCC, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump Company, Struers, Technolog and Uson.