Transtar Industries, a global leader in transmission and driveline-related parts and solutions, has announced its newly appointed executive team.
Monte Ahuja, CEO and chairman of the board, says he has carefully chosen these individuals for the strength and experience that they bring to the company. “I am confident that we now have the right team in place to lead this company into a very strong and profitable position,” said Ahuja. “These individuals are seasoned executives with backgrounds well-suited for our strategic direction.”
Neil Sethi has been named president and chief operating officer (COO), and is responsible for setting and executing the strategic plan for the company. Sethi is an industry veteran with a wide range of experience, including more than a decade with Transtar, where he held leadership positions of increasing responsibility, culminating as president of the company. Prior to rejoining Transtar, Sethi was CEO of Transmaxx LLC, a technology-driven driveline parts distributor recently acquired by Transtar.
“I am thrilled to return to Transtar and it is my privilege to serve as Transtar’s president and COO,” said Sethi. “I am passionate about providing an excellent customer experience, and am certain that we will develop and implement plans and strategies that will be mutually beneficial to our customers, suppliers and the industry.”
Joe Levanduski has been named executive vice president and chief financial officer, overseeing the finance team and supporting the overall development and execution of Transtar’s business strategy. With more than 30 years of financial, operational and capital markets experience, he brings a wealth of knowledge to this critical role. Levanduski previously served as executive vice president and chief financial officer of two publicly traded companies, most recently with A. Schulman Inc., a $2.5 billion global manufacturer of high performance plastic compounds, resins and composite materials, and prior to that with Hawk Corp., a manufacturer of friction products.
“I am excited to join the Transtar team,” said Levanduski. “Our recent restructuring action has provided a strong balance sheet and cash flow position that we will leverage to drive significant growth in revenue and profitability.”
