According to a recent announcement, Pace Industries, a leading North American die cast manufacturer of aluminum, zinc and magnesium die, has named Doug Albert its new Chief Executive Officer.
Albert brings more than 20 years of leadership experience in the industrial sector, the company said. He has served in a wide range of general management, commercial, manufacturing, financial, and operational roles over time, and most recently he was President and CEO of Resco Products from 2014 until its sale in 2022. Resco is a major North American manufacturer of refractory products serving steel and industrial end markets, and reportedly Albert oversaw key strategic initiatives that drove growth and improvements in commercial, operating, and financial performance.
“Doug is a seasoned leader bringing a deep understanding of our customers, markets, and industry,” said Jeffrey P. Pritchett, Executive Chairman at Pace, in the announcement. “His knowledge, combined with an impressive commercial and operational background, makes him a great fit for Pace. Alongside our talented team, Doug will help Pace become an even stronger partner to our customers and expand in our core markets. We’re thrilled to have him at the helm in this next chapter of growth for Pace.”
As a leading die cast manufacturer in the raw materials markets, Pace is positioned for lots of growth over the next few years, especially in aluminum die casting. According to a recent report from Mordor Intelligence, aluminum high-pressure die-casting parts have been increasingly in demand for many industrial applications, especially for automotive manufacturing. The report says that one of the more important reasons for automakers’ eagerness to use aluminum is the drive to increase fuel economy through decreasing weight. Aluminum die-cast parts are durable enough to be used as critical components and they can be recycled with negligible loss, functionally forever, which is great for meeting sustainability goals. The report says that this growth is likely to continue until at least 2028.
Prior to his time at Resco, Albert held leadership positions at Environmental Filtration Technologies and GE Fanuc Automation and spent many years at global consulting firm Booz Allen.
“Pace has been a trusted partner for more than 50 years because of its unwavering commitment to quality and value. This is a dynamic time for the Company, and I’m excited to join the dedicated team,” said Albert. “Together, we’ll strengthen our platform, accelerate our commercial strategy, and expand in strategic markets. I’m grateful to Pace’s Board and shareholders for their support and look forward to delivering best-in-class service and great value to customers.”
Headquartered in Novi, Michigan, Pace Industries is North America’s largest high-pressure aluminum, magnesium and zinc die casting company. The company operates a diverse manufacturing footprint with 14 manufacturing locations across the US and Mexico. Pace offers a wide array of services and capabilities to customers across numerous markets including automotive, commercial vehicle, powersports, lighting, lawn and garden, appliance, aerospace, defense, medical, and other industries.