ROSSLYN, Va., December 3, 2019 —The Industry Data Exchange Association, Inc. (IDEA) announced today that Paul Molitor will step down after serving as President and CEO for five years.
"We've seen a tremendous amount of change over the last few years, and both the company and the market will continue to adapt quickly for the foreseeable future," Molitor said in the IDEA press release. "The long-standing data quality program and the recently completed technology transition will have IDEA ideally positioned to keep pace with those changes."
"On behalf of NEMA and our Members, we wish Paul the best in his next endeavors," said NEMA President and CEO Kevin J. Cosgriff. "NEMA will continue to support IDEA through this leadership transition."
According to IDEA, with Molitor's departure this month, the remainder of the leadership team will oversee day-to-day operations during the search process: Vice President of Finance and Administration Aneesha Darst; Vice President of Products and Services Bill Ferguson; and Vice President of Sales and Marketing, Kevin Corcoran. Additionally, two CEO-level Members of the IDEA Board of Directors will be advisors to the trio.
IDEA is the official technology service provider and eBusiness Standards body of the electrical industry. The company helps thousands of manufacturers and distributors find the most cost-effective methods for running day-to-day business. IDEA applications help connect the supply chain and make business processes efficient, easy, and accurate for people every day.
IDEA was founded in 1998 through a partnership rooted in the collective leadership of NEMA and the National Association of Electrical Distributors.
The National Electrical Manufacturers Association (NEMA) represents nearly 325 electrical equipment and medical imaging manufacturers that make safe, reliable, and efficient products and systems. Our combined industries account for 370,000 American jobs in more than 6,100 facilities covering every state. These industries produce $124 billion in shipments and $42 billion in exports of electrical equipment and medical imaging technologies per year.