Barry-Wehmiller Companies Inc. has promoted Kyle Chapman to President. He will be joining his father, CEO and board chairman Robert Chapman, in leadership of the 135-year-old, USD3bn global manufacturing and engineering solutions firm. As Kyle Chapman steps into his new role after serving as Barry-Wehmiller’s Interim Chief Financial Officer for much of 2020, the organization named Michael Monarchi as Chief Financial Officer.
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 USD600 million-plus hybrid equity firm. 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.
“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,” Kyle Chapman said.
Barry-Wehmiller has been led by a Chapman since 1957, when the latter became President after joining the company four years prior. Firm ownership transferred to the Chapman family in 1963, and Bill’s son, Bob, joined the company in 1969.
Chief Financial Officer Michael Monarchi joins Barry-Wehmiller from Eaton, where, as Vice President of Finance of the USD2.5bn hydraulics division, he helped drive financial and operational performance improvements. 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.