Posted June 1, 2022

Field Fastener names new president, EVP and CFO

Field Fastener, a family owned, global supplier of inventory management, technical support services, and complete supply chain solutions for fasteners and other “c” class items, has announced the company’s leadership succession plan.

Jim Derry, president and CEO, announced that Adam Derry will be promoted to succeed him as president, effective immediately. In addition, Chris Pauli will be promoted to executive vice-president and chief financial officer. Jim Derry will remain the company’s CEO. 

In 1990, Jim and Bill Derry acquired Field from Dick Field. Since that time Field has achieved 18 percent average growth rate per year. Field currently has operations in Rockford, Illinois, Tyler, Texas, Florence, South Carolina, Troy, Illinois, Monterrey and Monclova, Mexico, and Kaohsiung, Taiwan. 

“It has been an honor and privilege to lead the Field Team for the past 8 years. I have had the best job on the planet! It is the right time for a leadership change," said Jim Derry. "Adam and Chris have been preparing for this change for years and are both ready to take over. The organization is also ready, our culture is better than ever, our value proposition has never been stronger, and the future is very promising for Field. Adam and Chris will do a great job leading the team going forward.”

Adam Derry took over as president on May 31. He joined Field in 2006 and most recently served as the chief customer officer since 2018, and on Field's board of directors since its inception in 2015.

“What an honor it is to follow in the footsteps of my Dad and Uncle, and lead this incredible company. The impact and legacy that Bill and Jim have made on the Field team, our customers, and in our communities is immeasurable. We believe strongly that we are well positioned to continue our growth, and that our best days are ahead. We have a strong culture, a compelling value proposition, and have a clear vision that our team is bought into. Chris Pauli is a highly respected executive that knows our business extremely well, and I could not be more excited to partner with him.”

Pauli will be responsible for multiple functional areas including, operations, finance, account management, sourcing, implementation, information technology, the South Carolina, Texas, and Mexico locations, and the Taiwan sourcing and quality office. he also serves on Field’s board of directors.

“I am honored to serve our team in this new role. I am excited to work with Adam as our new president and the entire team to continue to grow this great company to new heights in the years to come. I am extremely grateful for all the opportunities Bill and Jim have provided me over the past 18 years. Adam and I have one of the best and brightest leadership teams I have ever had the chance to work with and I am certain they will help us achieve all our strategic goals and improve the lives our team members, their families, and the communities we serve.”