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Kone appoints new leader for Americas

Kone appoints new leader for Americas

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Kone Corp. has appointed Larry Wash as executive vice president responsible for the Americas to replace Vance Tang, who is leaving the company to pursue other interests.

The global elevator and escalator manufacturer, with operations in the Quad-Cities, said Wash will assume the new leadership position as of July 23. He also will be a member of Kone’s executive board and will report to Matti Alahuhta, Kone Corp.’s president and chief executive officer.

Wash, 50, succeeds Tang, who has led the company’s Americas division since early 2007.

“Larry has been very successful in developing and leading demanding businesses in various geographies and different market conditions. He brings a wealth of valuable experience to Kone,” Alahuhta said in a news release.

In his latest role as the president of global services for Ingersoll Rand’s Climate Solutions sector, Wash has led a $3 billion business in 60 countries. Previously, he served as vice president of service and contracting business for Trane within North and Latin America, and in various leadership roles with Xerox and Eastman Kodak.

Wash holds a bachelor of science degree in electrical engineering from Wayne State University in Michigan; a master’s degree in electrical engineering from Rochester (N.Y.) Institute of Technology; and a master’s degree in business administration from Stanford University, Palo Alto, Calif.

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Mark Grywacheski spent more than 14 years as a professional trader in Chicago, where he served on various committees for multiple global financial exchanges and as an industry Arbitrator for more than a decade. He is an expert in financial markets and economic analysis and is an investment adviser with Quad-Cities Investment Group, Davenport.

Disclaimer: Opinions expressed herein are subject to change without notice. Any prices or quotations contained herein are indicative only and do not constitute an offer to buy or sell any securities at any given price. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned. Quad-Cities Investment Group LLC is a registered investment adviser with the U.S. Securities Exchange Commission.

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