Platinum Tools, has announced that company founder Lee Sachs “will take a first major step toward a well-earned retirement,” and step down from his role as president.
Sachs will now focus on special projects so that the company continues to benefit from his years of experience.
“Platinum Tools has been a part of me every day for more than 20 years,” says Sachs.
“With last year’s acquisition of the company by NSi Industries, it is time for me to begin handing off the day-to-day operations to the team that will take Platinum Tools into the future. While I’m looking forward to some more free time, it would be hard to just leave something that you have known and loved for so long, so I’m excited to move into a consulting role.”
Sachs’s long-time business partner and Platinum Tools Co-founder David Johny will take on the role of general manager and assume day-to-day control of the company.
Founded in 1997, Platinum Tools is a manufacturer of solutions for the preparation, installation hand termination and testing of wire and cable. The company employs approximately 40 people.
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