Nordam Restructures, Bill Peacher Now CEO

 - December 10, 2008, 10:51 AM

The Nordam Group board of directors promoted Bill Peacher to CEO of the Tulsa, Okla. manufacturing and maintenance company. Peacher, currently COO of Nordam Repair Group, takes over as CEO on January 1 from current chairman and CEO Ken Lackey, who remains with Nordam as executive chairman. “I am optimistic about the long-term future of this industry,” Peacher said. “While we clearly have challenges to meet in the current environment, we expect to grow our business and expect to take advantage of the many opportunities that present themselves in times of economic adversity.” Nordam also announced that Steve Pack was promoted to COO of Nordam Manufacturing Group; Hastings Siegfried becomes COO of Nordam’s Tulsa and Europe transparency divisions; Meredith Siegfried moves up to the COO position of Nordam Repair Group, responsible for worldwide maintenance, repair and overhaul operations at Nordam Europe, Nordam Singapore and the Nordam Repair Division in Tulsa; Raymond Siegfried III has been chosen to be Nordam's vice chairman; and Dave Whitten has been named vice president of marketing and program management.