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In a Surprise Move KPS Partners Remove Todd Teske as Briggs & Stratton CEO

Original source: Milwaukee Business Journal


According to a report from the Milwaukee Business Journal, KPS Partners have replaced Todd Teske as CEO with Steve Andrews, who "led KPS Capital Partners’ portfolio company International Equipment Solutions LLC." The report stated Briggs & Stratton will also have a new board of directors, even though KPS Partners initially indicated it would retain Teske and the current board. 

Andrews had previously led International Equipment Solutions, which operates 14 manufacturing facilities and employees 2,700 people. KPS Partners sold International Equipment Solutions' attachments division to Black & Decker in March of last year.

This follows a judge's approval on Sept. 15 of Briggs & Stratton's sale to KPS Partners, which is expected to be completed this week.

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... GO TO KPS Partners Remove Todd Teske as Briggs & Stratton CEO TO READ MORE

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