Strategic leadership moves set organisation up for planned growth

03.09.2020 Barry-Wehmiller Companies Inc. (St. Louis, Missouri) has promoted Kyle Chapman to President, joining his father, CEO and board chairman Robert Chapman, in leadership of the 135-year-old, $3 billion-plus global manufacturing and engineering solutions firm.

Kyle Chapman (left), Barry-Wehmiller president, and Michael Monarchi, CFO.
© Photo: Barry-Wehmiller
Kyle Chapman (left), Barry-Wehmiller president, and Michael Monarchi, CFO.

As Kyle Chapman steps into his new role after serving as Barry-Wehmiller’s interim CFO for much of 2020, the organisation welcomes Michael Monarchi as CFO.

Two-generation opportunity

“This is a unique two-generation opportunity to leverage my 51 years of experience and Kyle’s skills and 20 years of private equity and operating experience, with both Bank of America and BW Forsyth Partners, to steward the lives of our 12 000 team members and shape Barry-Wehmiller’s next two decades,” said Robert Chapman. “The blend of our experience and skills creates a powerful partnership, as we continue to validate that you can create economic and human value when you embrace the principles of our truly human leadership culture.”

After working at Bank of America, Kyle Chapman’s tenure with Barry-Wehmiller began in 2009 when he cofounded BW Forsyth Partners, Barry-Wehmiller’s thriving $600 million-plus hybrid equity firm that is intended to unify the best of Barry-Wehmiller’s business strategies and long-term orientation, with the best private-equity investment strategies. His involvement with Barry-Wehmiller has continued to grow over time, as he served as a strategic financial advisor from 2015 to 2019 to the company’s leadership team, while co-leading BW Forsyth Partners.

Preserving the organisation during the pandemic

When the COVID-19 pandemic and related global market uncertainty escalated shortly after being appointed as interim CFO, Kyle Chapman’s instincts and actions, in collaboration with Barry-Wehmiller’s senior leadership team, helped preserve the health of the organisation.

Kyle Chapman said: “In this new role as president, my focus will be to continue to build upon our foundation as a vibrant company known for our culture of care, our commitment to validating the trust our customers place in us and continuing to invest in market-driven innovation—while reinforcing our belief that the only way to lead is with people and performance in harmony.”

CFO Michael Monarchi joins Barry-Wehmiller from Eaton, where, as VP of finance of the $2.5 billion hydraulics division, he helped drive financial and operational performance improvements, while guiding the business through a cultural transformation. Prior to Eaton, Monarchi worked for General Electric for more than 20 years, where he participated in the company’s financial management and corporate audit staff programs, and held numerous leadership positions in the power and aviation divisions.