November 1, 2012
Bristol, PA headquartered Modern Group, one of the nation’s largest material handling, construction equipment, and power systems distributors announced the appointment of Paul Farrell as President and Chief Operating Officer of Modern Group Ltd and a director of the company effective immediately.
Dave Griffith, Modern’s Chairman and Chief Executive Officer commented, “Paul has done an outstanding job for Modern as Chief Operating Officer in working through the business issues of the recession of the past few years. He had led our restructuring efforts and has positioned the company for growth. His promotion to President recognizes his accomplishments and sets the stage for Modern’s leadership for years to come. I look forward to working together with Paul in his new role”.
“I am honored to be named President of the Modern Group. Modern has a history of performance during its more than 65 year history. Modern people are second to none in our business segments. I look forward to focusing on our #1 goal—continuing to do a great job for our customers”, said Paul Farrell, Modern’s new President.
Prior to his promotion, Paul Farrell was most recently Chief Operating Officer and previously was President of Modern Power Systems and had joined the company in 2004. Paul is a Rutgers University graduate and is a Six Sigma Black Belt. He lives in Medford, NJ with his wife, Denise, and three children.
With more than $100 million of collective annual sales, Modern Group provides sales, leasing, short-term rental, service, parts, training and financing solutions through its forklifts, power systems, construction, and warehouse products businesses. Modern is a 100% employee-owned ESOP with more than 320 owners serving Pennsylvania, New York, New Jersey, and Delaware. For more information visit www.moderngroup.com