Morbark has named Dan Ruskin CEO effective immediately. The announcement follows the recent sale of Morbak to Stellex Capital Management, a private equity manager that invests in both U.S. and international companies.

Ruskin has an extensive background in lean manufacturing, corporate turnarounds and restructurings.

“Dan is an excellent fit for Morbark,” said Ray Whiteman, chairman of the board and managing partner of Stellex. “We have known Dan for close to 20 years and his experience across multiple industries, in particular industrial markets such as heavy equipment, automotive, truck and transport vehicles, have prepared him well for this position. One of Dan’s core strengths is his ability to build strong teams that can help organizations quickly meet their goals and enhance their profitability.”

Ruskin began his career as an industrial engineer in the aerospace and defense industry and has gone on to various management roles. Ruskin will relocate to Winn, Mich., where Morbark is headquartered.