SI Systems announces new president and CEO
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SI Systems, a subsidiary of Paragon Technologies, has announced that John Molloy has joined the company as president and CEO.
Molloy has more than 20 years of experience in the material handling industry, including acquisitions, divestitures, reorganizations, strategic planning software systems and change management.
“With SI Systems’ 50 years of experience in material handling, I look forward to continuing our legacy in the industry,” he said. “In collaboration with the entire SI Systems team, we will focus on the execution of the latest technology for our products and software while delivering innovative solutions to the marketplace.”
Prior to his position as vice president and corporate controller at Lab-Volt Systems in 1991, Molloy began his career at Colgate Palmolive Company and Phillips N.V. Molloy joined White Systems in 1997 and became its vice president of operations and CFO, where he was responsible for overseeing the installation of major systems for the Fortune 500, including both hardware and software.
In 2005, Molloy joined White Systems as president and COO and led the management buyout from F.K.I. Logistex along with a private equity group. As the president, CEO and founder of Sapient Automation in 2010, he successfully created an established competitor and profitable brand in the material handling industry.
Molloy is a graduate of Fairleigh Dickinson University with a Bachelor of Science Degree in Accounting. He also completed graduate work at Fordham University and an Executive Management program at Stanford University.
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