Indicor Announces Leadership Transition

Rhea-AI Summary

Indicor (BDC) announced a leadership change on December 16, 2025: Doug Wright is stepping down as CEO and from the board to become CEO of ATS Corporation.

John Stroup, Indicor chairman, will serve as interim CEO effective immediately. Stroup brings 40+ years in industrial manufacturing, including a 15-year tenure as CEO of Belden and prior roles at Danaher, Scientific Technologies and Rockwell Automation. Stroup previously served as Indicor interim CEO after CD&R's 2022 acquisition; CD&R remains the majority investment partner.

Positive

• Immediate interim CEO appointment preserves leadership continuity
• John Stroup brings 40+ years industrial experience
• Stroup has prior interim CEO experience at Indicor (2022)

Negative

• Departure of incumbent CEO may disrupt near-term strategic execution
• Unclear timeline for naming a permanent CEO creates leadership uncertainty

News Market Reaction

-0.76%

1 alert

-0.76% News Effect

On the day this news was published, BDC declined 0.76%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Dec. 16, 2025 /PRNewswire/ -- Indicor, LLC ("Indicor" or "the Company") announced today that Doug Wright is stepping down as Chief Executive Officer and from the Company's Board of Directors. Mr. Wright will become CEO of ATS Corporation, a publicly-listed company headquartered in Canada that builds automation systems for a range of product categories. John Stroup, Chairman of Indicor, will serve as interim CEO effective immediately.

Mr. Stroup has more than 40 years of experience in the industrial manufacturing sector, including a 15-year tenure as CEO of Belden (NYSE: BDC), a global supplier of specialty networking solutions for broadband, enterprise and industrial markets. Earlier in his career, Mr. Stroup was a Group Executive at Danaher Corporation and held positions at Scientific Technologies and Rockwell Automation. Mr. Stroup previously served as Indicor's interim CEO directly after CD&R acquired the business in 2022, prior to Mr. Wright joining.

"Indicor is in a strong position to continue its growth and expansion. We are excited to continue serving our key customers with innovative and mission critical solutions in the year ahead," said John Stroup, interim CEO and Chairman of Indicor and Operating Partner at CD&R, the Company's majority investment partner. "We wish Doug the best on his next role and thank him for all of his tremendous contributions to Indicor."

About Indicor

Indicor, LLC produces dependable, highly engineered solutions with unique performance and value at the core of industry. The Indicor family of companies includes: AGR, Alpha, AMOT, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump, Struers, Technolog, and Uson. Visit us at www.indicor.com.

 

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SOURCE Indicor

FAQ

Who is replacing Doug Wright as CEO of Indicor (BDC)?

John Stroup, Chairman of Indicor, will serve as interim CEO effective December 16, 2025.

Why did Doug Wright leave Indicor (BDC)?

Doug Wright is stepping down to become CEO of ATS Corporation.

What is John Stroup's experience relevant to Indicor (BDC)?

Stroup has 40+ years in industrial manufacturing, including 15 years as CEO of Belden.

Does CD&R remain involved with Indicor (BDC) after the leadership change?

Yes; CD&R is described as the company's majority investment partner and Stroup is an Operating Partner at CD&R.

When did John Stroup previously serve as interim CEO of Indicor (BDC)?

He previously served as interim CEO directly after CD&R acquired the business in 2022.

Will Indicor (BDC) name a permanent CEO immediately?

The announcement states John Stroup will serve as interim CEO effective immediately; no permanent CEO timeline was provided.