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Posted 15 May, 2023

CHICAGO RIVET & MACHINE CO appointed new CEO

CEO Change detected for ticker NYSE:CVR in a 8-K filed on 15 May, 2023.


  On May 9, 2023, the Board of Directors (the "Board") of Chicago Rivet & Machine Co. (the "Company") appointed Gregory D. Rizzo to the Board of Directors of the Company following its Annual Meeting of Shareholders. As previously disclosed in a Current Report on Form 8-K filed on May 9, 2023, Mr. Rizzo was named Chief Executive Officer of the Company, effective May 9, 2023.  

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Overview of CHICAGO RIVET & MACHINE CO
Industrial Goods • Industrial Products
Chicago Rivet & Machine Co. engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products. The Assembly Equipment segment consists of automatic rivet setting machines and parts and tools for such machines. The company was founded in 1920 and is headquartered in Naperville, IL.
Market Cap
$14.8M
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CHICAGO RIVET & MACHINE CO by TradingView
Relevant filing section
Item 5. 02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On May 9, 2023, the Board of Directors (the "Board") of Chicago Rivet & Machine Co. (the "Company") appointed Gregory D. Rizzo to the Board of Directors of the Company following its Annual Meeting of Shareholders. As previously disclosed in a Current Report on Form 8-K filed on May 9, 2023, Mr. Rizzo was named Chief Executive Officer of the Company, effective May 9, 2023. Mr. Rizzo, age 57, joins the Company from MacLean-Fogg Company where he served as Vice President and General Manager. Mr. Rizzo served as the General Manager of MacLean-Fogg's Maynard high temperature engineered fastener business since 2016. In addition, Mr. Rizzo led efforts at MacLean-Fogg to start a new division, MacLean Additive, that developed 3D printing production tooling for the automotive industry and other industries, and was a founding member of the MacLean-Fogg Innovation Board. Prior to MacLean-Fogg, Mr. Rizzo held various positions at Ford Motor Company, Magna International and TRW Automotive. Mr. Rizzo will not receive any additional compensation related to his appointment to the Board.