Hendrickson’s president and CEO announces retirement

Hendrickson, an equipment manufacturer based in Woodridge, Illinois, has announced the retirement of Gary Gerstenslager, the company’s president and CEO. Gerstenslager, who has been with the company for 32 years, says he will retire at the end of the year. He will be replaced by Matt Joy. 

According to a news release from Hendrickson, Gerstenslager joined the company in 1989 and his passion, technical knowledge and drive for excellence lead to a transformation in product design and manufacturing, which permeates all of Hendrickson today.

"Gerstenslager became president in 2006 and, in 2007, became the first CEO, in addition to president, in Hendrickson's history,” says Matthew Boler, chairman, president and CEO of The Boler Co., the parent company of Hendrickson. “Gary embraced this role and over his 15 years as president turned Hendrickson from an important supplier within the NAFTA (North American Free Trade Agreement) commercial vehicle [market] into a leading global supplier.” 

Joy, Gerstenslager’s replacement, joined the company in 2006 and has been instrumental in the ongoing transition of the company. He has moved through several roles at Hendrickson, including vice president and general manager of the Specialty Products Group, vice president and general manager of the Truck Division and chief operating officer.