Modern Group announces appointment of Paul Farrell as Chief Operating Officer.
December 15, 2009 Bristol, PA headquartered Modern Group, one of the nation’s largest material handling and construction equipment distributors announced the appointment of Paul Farrell as Chief Operating Officer. This announcement followed a restructuring of Modern Group operations into a single integrated full line distributor last August. The restructuring was done in anticipation of future revenue growth as the economy improves and to take advantage of additional acquisition opportunities.
Dave Griffith, Modern’s Chief Executive Officer commented, “Paul has done an incredible job for Modern as President of Modern Power Systems, our standby generator business. He has the leadership skills, business smarts and track record for excellence. His promotion recognizes his accomplishments and we are excited about his future contributions”.
“I am honored to lead the Modern Group. Modern has a history of performance and leadership in its more than 60 year history. Modern people are second to none in our industry. Our recent restructuring of Modern operations into a full line distributor helps to position us to serve our customers at an even higher level. I look forward to focusing on our #1 goal—continuing to do a great job for our customers”, said Paul Farrell, Modern’s new Chief Operating Officer. Prior to his promotion Paul Farrell was most recently President of Modern Power Systems and had joined the company in 2004. Paul is a Rutgers graduate and is a Six Sigma Black Belt. He lives in Medford, NJ with his wife, Denise, and three children.
Founded in 1946, Modern Group, a 100% employee owned company, ranks among the largest independent material handling and construction equipment distributors, and power systems/generators in the nation, representing more than 400 product lines. A market leader, Modern Group’s companies provide sales, leasing, short-term rental, service, parts, training and financing solutions. Modern employs more than 400 people at 15 locations in Pennsylvania, New Jersey, Delaware and Maryland.