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Richman Named CEO of Techtronic Industries

Richman Named CEO of Techtronic Industries
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Milwaukee Tool on pace to exceed $6 billion in revenue by year s end

The chief executive officer for Milwaukee Tool’s parent company, Hong Kong-based Techtronic Industries Co., wasn’t kidding when he told investors in 2018 that Milwaukee Tool was “still just getting started.” Back then, Milwaukee Tool had approximately $3.7 billion in sales. At the time, TTI CEO Joe Galli Jr. told investors that Milwaukee Tool would see 20% growth for at least the next three years.  Galli Jr.’s growth projections are not only correct so far, year-over-year growth is actually higher than what he envisioned. Milwaukee tool has grown on average 25.2% annually for the last three years and an average of 23% annually for the last five years.

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