The Hamilton Beach Brands Holding Company announced CEO Gregory Trepp will retire from the company on December 31, 2024. R. Scott Tidey, president of the company, will succeed Trepp and become president and CEO and a member of the Board of Directors, effective October 1, 2024.
Trepp (pictured right) will step down from his current position and from the board of directors, effective September 30, 2024. He will serve as an advisor to the CEO until his retirement.
Alfred Rankin, Jr., Hamilton Beach Brands Holding Company chairman, said, “Today’s announcement represents the culmination of a long-standing management succession plan. Scott has a proven record of executive leadership and successful execution against strategic priorities, developed over his 31 years with the Company. Scott’s in-depth knowledge of our business, strategy, and people makes him the clear choice to succeed Greg.
“On behalf of the board, I thank Greg for his leadership over 28 years with the Company, especially as President and CEO, Rankin continued. “Greg has built an outstanding global team that includes experienced management, talented employees, and a ‘good thinking’ culture focused on innovation. These include sales and market share growth of the core Hamilton Beach and Proctor Silex brands, an increasing share of the premium market, a growing presence in the global commercial market, progress in the e-commerce channel, and the creation of a growing global home healthcare solutions business.
Trepp said, “Serving as CEO of our company has been an honor and a privilege. I have the utmost confidence in Scott, our senior management team, our remarkable employees and their ability to build upon what we have achieved thus far. I congratulate Scott on his well-deserved promotion and wish everyone all the best. I look forward to spending more time with my family and pursuing various interests.”
Tidey (pictured left) said, “I look forward to working with our highly capable people to continue our progress with our strategic initiatives to increase revenue, expand margins and deliver strong cash flow over time. Our company remains committed to creating value for shareholders in the years ahead. I thank Greg and the board for their trust, confidence and support.”
Tidey was appointed president of the company in February 2024. Prior to that, he served in successive executive-level positions with Hamilton Beach Brands. Since January 2023, he has served as senior vice president, global sales. Before that, he served as senior vice president, consumer sales and marketing from March 2021 to January 2023 and as senior vice president, North American sales and marketing from 2010 to March 2021.
Trepp previously served as President and CEO of the Hamilton Beach Brands Holding Company and a member of its board of directors since 2017, and as president and CEO of Hamilton Beach Brands since 2010. Mr. Trepp joined Hamilton Beach Brands in 1996 as director of marketing and rose through successive leadership positions.
