Brewster, N.Y.-based Powers Fasteners has announced a succession of management for its family-owned business. Chris Powers, formerly company CEO, will assume the advisory role of chairman, while Jeffrey R. Powers has been promoted to CEO of Powers Fasteners global business, operating in eight countries worldwide.  

Frederic Powers III, former vice president of purchasing, will be president of Powers Fasteners Inc.. Mike Fergus, former vice president of global operations at Black and Decker’s Accessories Division, has been hired as vice president of purchasing for Powers Fastening Inc. He was responsible for facilities in the U.S., Canada, UK, Germany and Asia, as well as all the commercial responsibilities relating to supplier relationships around the globe. Fergus has a vast background in international manufacturing and supply chain, holding an MBA from Loyola, and an engineering degree in Industrial and Mechanical Engineering from Leeds University. He joins a Powers Executive staff of six career professionals with more than 100 years of experience.  

“These corporate changes represent the natural evolution of a rapidly expanding business,” said Chris Powers. “Powers Fasteners is currently a healthy, dynamic entity poised to expand on a global basis. We have helped ensure prosperity in every country we serve, but we also need to be forward-looking, and continue our investment in people and products for even greater success worldwide. Our father and grandfather laid the foundation for this business more than fifty years ago, and today’s changes represent a step forward in securing the success of the Powers brand and legacy for our customers long term.”