Bill Putnam has been named president of Yale Cordage. Putnam was previously executive vice president, responsible for strategic planning and execution of the company’s operating network, process design, analysis and implementation, and production efficiency.
The announcement was made by Tom Yale, Yale Cordage chief executive officer (CEO), who has served as CEO since 1970, and president since 1992. Tom will continue as CEO, managing the company’s overall strategic direction and multiparty project work.
“Bill has been an asset to our company for over 25 years. His in-depth knowledge of our customers’ industries and how Yale’s products address their challenges is invaluable,” said Yale. “This, coupled with his operational expertise working at all levels of the business, will serve him well as our new president. Bill’s promotion sets the stage for continued long-term growth for our company. I look forward to working with Bill to strengthen Yale Cordage’s position in a variety of marketplaces.”
“I want to thank Tom for his confidence and support,” said Putnam. “Yale Cordage continues to make great strides providing application support to industries that use our products. I am honored to work alongside Tom for many years to come.”
Putnam joined Yale Cordage in 1984 as a rigging shop supervisor, responsible for application-specific products before departing in 1989. Putnam rejoined Yale in 1999 as a purchasing manager until he took over as plant manager in 2001. He was promoted to executive vice president in 2006.
He is based at the company’s headquarters in Saco, Maine.