New CEO of Briggs & Stratton reflects on restructuring the company
After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO, Briggs & Stratton, LLC, a company with a 113-year legacy, also has a new beginning.
Steve Andrews assumed the position of Briggs & Stratton's President and CEO just over a month ago after most recently serving as CEO of International Equipment Solutions. While still new to the role, he reflects on early observations and reinforces a promising future for Briggs & Stratton.
"Many of the external challenges that seemed to hit the company all at once are starting to stabilize: weather is in our favour; the stay-at-home environment has positively impacted our business ... and, we're now a well-capitalized company, unencumbered by past liabilities, so we can focus on growth," says Andrews. "In the first three months of our fiscal year, nearly all parts of our business globally are performing stronger than last year. In fact, this is a better start than we've seen in a number of years."
Within the outdoor power space, Briggs & Stratton's team continues to develop ways to better support its customers with residential and commercial engines as well as end products and other technologies that make tough work easier, safer and more efficient.
Briggs & Stratton has deep roots in the Milwaukee community and that will not change. Andrews confirms, "The Milwaukee community - and all of the communities within which we currently operate - has been good to us and we will remain a strong community partner that stands behind its products and supports its customers, for many years to come."
The company has more than 100 salary and hourly positions available in Milwaukee and hundreds more throughout the U.S. and globally.