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

Seasonally-adjusted (SA) for-hire truck tonnage in November was up 3.5 percent compared to October, which was up 0.5 percent over September at 136.8 (2000=100), marking the highest SA on record.

UPS said that through this acquisition it will augment its healthcare expertise and network in Europe, specifically in the fast growing healthcare markets in Central and Eastern Europe.

Carloads were up 12.1 percent at 312,271, and intermodal at 280,337 containers and trailers saw a 4.5 percent annual gain.

Total November POLB volumes were up 2.1 percent year-over-year at 581,514 TEU, and POLA volumes in November decreased 3 percent compared to November 2013 at 663,346 TEU.

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

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.