PHILADELPHIA – CARDONE Industries today announced the appointment of Kevin Cramton as its new CEO. Cramton, who will assume his duties in September, will succeed Michael Cardone Jr., the driving force behind CARDONE’s rise as a leader in the automotive remanufacturing industry. Cardone will remain as chairman and owner of the company. 
Cramton brings to CARDONE more than 25 years of experience in the general and financial management of leading and growing businesses. Most recently, he served as CEO of Revstone Industries, a supplier of highly engineered automotive components. Before that, he served as managing director of RHJ International (Ripplewood Holdings), a publicly traded investment holding company, where he was responsible for overseeing portfolio companies. During his tenure at Ripplewood Holdings, Cramton chaired the board of Niles, an Asian automotive electronics manufacturer, where he led the business to record profitability, following a successful 20-year career as a Ford Motor Co. executive whose assignments carried him all over the globe.
“We are tremendously excited that Kevin Cramton has agreed to join our company and our board,” said Michael Cardone Jr. “He brings an outstanding record of values-based leadership, managerial expertise and experience with both privately and publicly held businesses. The Cardone family looks forward to working with Kevin and our board as we continue to invest in the growth opportunities for the remanufacturing industry.”
“I am very excited to join CARDONE as we develop and execute a strategy to continue to grow the business and better serve our customers,” Cramton said. “CARDONE’s values and its business approach make it an attractive place to work and provide a strong base for future growth. I look forward to working with the CARDONE leadership team to create a stronger company for all our stakeholders, including customers, suppliers, shareholders and our employees.”
Cramton holds both a BA and an MBA from Michigan State University, and he is a graduate of the London Business School Executive Management.
