Pella Announces Chairman Succession Plan
November 6, 2013
|Charlie Farver, left, and his son Adam Farver|
Pella Corp. Chairman of the Board, Charles (Charlie) Farver, will transition from board leadership when his son, Adam Farver, takes on the role in January 2015, according to a company release. Adam Farver will serve as the board’s vice-chair, starting in May 2014, to allow him to work alongside Charlie Farver in an officer role while Charlie continues to actively serve on the board. Pella Corp. is still managed by company founder Pete Kuyper's descendants in his hometown of Pella, Iowa. Pete Kuyper was Charles Farver’s grandfather, and Adam’s great-grandfather. Joan Kuyper Farver, Pete’s daughter, remains as chair emeritus of the board.
“Charlie Farver has skillfully guided the board’s work since 1992, and we’re grateful for his dedicated leadership,” says Patrick J. Meyer, president and CEO. “Adam is an outstanding business person in his own right, who has served as a member of the board since 2010, and is well-prepared to lead the board to serve future generations.”
“Adam excelled at an extensive succession planning process focused on preparing him for his new leadership roles,” says Charlie Farver. "We’re extremely proud that he’s the fourth generation of our family who will lead the board as chairman in the future.”