Sany America this week announced Tim Frank resigned as chairman and CEO of the heavy equipment company. Frank led the Peachtree City, Ga.-based Sany America to record sales growth and the first profit in its seven-year history. The resignation was effective Friday, Oct. 11.
“Sany has great potential in the North American market,” Frank said. “I enjoyed my time getting to know the Sany people and culture. I am proud that together we achieved record sales and profit in the U.S. during my time with the company. However, the time came for me to move on.”
Frank led Sany America to its first profitable quarter in the first quarter of 2013, followed by two more successive profitable quarters. During his tenure, the company transitioned from manufacturing concrete pumps at its Peachtree City, Ga., plant to assembling crawler excavators for the United States, Canada, Mexico and Central America. The Sany America network of dealers grew from just a handful to more than 30 during that time, and 2013 sales are on pace to more than double 2012 results, the company said.
Sany America is a subsidiary of Sany Heavy Industry Co. Ltd. Prior to coming to Sany America, Frank held executive and management posts at Volvo Construction Equipment, CNH Global and Caterpillar.