Modern Group, one of the country’s largest material handling, construction equipment and power systems distributors has named Paul Farrell president and chief operating officer of Modern Group Ltd. and a director of the company effective immediately. Before his promotion, Farrell was COO and previously was president of Modern Power Systems. He joined the company in 2004.
“Paul has done an outstanding job for Modern as chief operating officer in working through the business issues of the recession of the past few years,” said Dave Griffith, Modern’s chairman and CEO. “He has led our restructuring efforts and has positioned the company for growth. His promotion to president recognizes his accomplishments and sets the stage for Modern’s leadership for years to come. I look forward to working together with Paul in his new role.”
“I am honored to be named president of the Modern Group,” added Farrell. “Modern has a history of performance during its more than 65-year history. Modern people are second to none in our business segments. I look forward to focusing on our No. 1 goal — continuing to do a great job for our customers.”
With more than $100 million of collective annual sales, Modern Group provides sales, leasing, short-term rental, service, parts, training and financing solutions through its forklifts, power systems, construction and warehouse products businesses. Modern is a 100-percent employee-owned ESOP, with more than 320 owners serving Pennsylvania, New York, New Jersey and Delaware.