1. EJ Elliott retires as Executive Chairman effective December 31, 2025. 2. Marc Elliott appointed as new Chairman starting January 1, 2026. 3. EJ Elliott founded Gencor in 1968 and served as CEO until 2016. 4. Supply chain disruptions could impact Gencor's costs due to geopolitical factors. 5. Gencor specializes in heavy machinery for highway construction and environmental control.
FAQ
Why Neutral?
Leadership change typically induces uncertainty; however, Marc Elliott is an experienced successor.
How important is it?
The leadership transition could affect strategic direction; however, immediate impact is uncertain.
Why Short Term?
Market may react to leadership change; stabilization may occur shortly after.
Gencor Announces Executive Transition: Retirement of EJ Elliott and Appointment of Marc Elliott
Source: GlobeNewsWire
Overview of Leadership Changes at Gencor Industries
Gencor Industries, Inc. (NYSE American: GENC), a prominent manufacturer in the heavy machinery sector, has announced significant leadership changes. Effective December 31, 2025, EJ Elliott will retire as Executive Chairman of the Board of Directors, a role he has held since founding the company in 1968. Following his retirement, Marc Elliott will take over as Chairman on January 1, 2026.
Background on EJ Elliott's Tenure
EJ Elliott's long-standing commitment to Gencor began over five decades ago when he established the company. Under his guidance, Gencor evolved into a leader in producing machinery for highway construction and environmental control. He also served as Chief Executive Officer from 1968 until 2016, shaping the company’s vision and strategy during its formative years and beyond.
Marc Elliott's New Role as Chairman
Marc Elliott has been a vital part of Gencor since his appointment to the Board of Directors in 2007 and currently holds the position of President. His extensive experience within the company positions him well to lead as Chairman, continuing the legacy established by EJ Elliott.
This leadership transition is expected to bring fresh perspectives to Gencor's strategic initiatives and operations.
About Gencor Industries
Gencor is recognized for its engineering excellence in manufacturing heavy machinery essential for producing highway construction equipment and environmental control solutions. The company remains committed to innovation and quality in addressing the demands of the industry.
Forward-Looking Statements and Associated Risks
Gencor's communications may include forward-looking statements that are subject to risks and uncertainties, including economic conditions, competitive pressures, and market demand fluctuations. Such statements involve significant risks, particularly in light of recent global events, such as:
- The U.S. government's tariff announcements
- The ongoing conflict between Russia and Ukraine
- Hostilities involving Israel and Hamas and related geopolitical tensions
These factors could lead to disruptions in Gencor’s supply chain and increased production costs, potentially impacting the Company’s financial condition and performance. For further details, refer to the Gencor Annual Report on Form 10-K for the year ended September 30, 2025.
Contact Information
For additional information, please contact:
Eric Mellen
Chief Financial Officer
Phone: 407-290-6000