Associated names Tim Combs president and CEO
Raymond Corp. executive takes reins at large lift truck dealer, replacing Mike Romano, who heads to new unit at Toyota Industries.
Tim Combs has been appointed president and CEO of Addison, Ill.-based Associated Integrated Supply Chain Solutions, the company said today. The appointment marks a return engagement for Combs, who served as Associated's general manager from 2009 to 2010.
Combs most recently served as president of sales and marketing at The Raymond Corp., a Greene, N.Y.-based lift truck maker. Associated is one of Raymond's largest lift truck dealers in the United States.
Associated also provides other types of warehouse equipment; facility and distribution-network design; labor-management engineering; systems integration; and aftermarket services. Some of those capabilities came on board when Associated acquired the Atlanta-based systems integrator Peach State Integrated Technologies in 2013.
Combs will replace Michael B. Romano, who recently was named president and CEO of Toyota Advanced Logistics Systems (TALS), a new business unit of Toyota Industries Corp. that will provide integrated material handling and logistics solutions. Romano will sell his majority ownership in Associated to Raymond, which currently is a minority stakeholder. Raymond also is owned by Toyota.
"I am excited and honored to take on this new endeavor to lead the ongoing growth of Associated through a strategic vision that will capitalize on Associated's nearly 300-percent growth over the past decade," Combs said in a statement.
With Raymond as Associated's majority shareholder, the latter now enters more deeply into Toyota's orbit. Exactly how that will play out is uncertain. In an interview with DC Velocity in late February, Romano said TALS "will not necessarily" compete with Associated and Peach State. One of his responsibilities, he said, is to "assess, organize, and then to align all current competencies in this space within the Toyota enterprise. We will take people who are doing [the kind of services TALS will provide] today and try to assimilate those competencies under the TALS umbrella."
Resources Mentioned In This Article
- Market "transformation" to comprehensive productivity solutions drove Toyota Advanced Logistics Systems' creation, leader says
- Beyond forklifts: Toyota enters brave new world of integrated fulfillment solutions
- KION Group, Egemin subsidiary announce acquisition of Retrotech Inc.
- How to avoid a retrofit horror story
- A "New Era" in distribution
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Associated names Tim Combs president and CEO">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.