SI Systems announces new president and CEO

Twenty-year materials handling industry veteran is former Sapient Automation president, CEO and founder.
By Modern Materials Handling Staff
June 30, 2014 - MMH Editorial

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.



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

The Department of Transportation’s Bureau of Transportation Logistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in December 2014 was up 5.4 percent annually at $95.8 billion. This marks the 11th straight month of annual increases, according to BTS officials.

While the volume decline was steep, there was numerous reasons behind it, including terminal congestion, protracted contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union, and other supply chain-related issues, according to POLA officials.

Truckload rates for the month of January, which measures truckload linehaul rates paid during the month, saw a 7.9 percent annual hike, and intermodal rates dropped 0.3 percent compared to January 2014, which the report pointed out marks the first annual intermodal pricing decline since December 2013.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

Post a comment
Commenting is not available in this channel entry.